Bondev Midrand (Pty) Limited v Puling and Another, Bondev Midrand (Pty) Limited v Ramokgopa (802/2016, 803/2016)
Bondev Midrand (Pty) Limited v Puling and Another, Bondev Midrand (Pty) Limited v Ramokgopa (802/2016, 803/2016) [2017] ZASCA 141; 2017 (6) SA 373 (SCA) (2 October 2017)
The Supreme Court of Appeal held that the condition registered against the title deed comprised two clauses: the first, obliging the transferee and successors to build within a prescribed period, created a real right and restriction on ownership. The second, entitling the developer to claim re-transfer against repayment of the purchase price, was a personal right akin to an option to purchase, enforceable only by the developer and not binding on third parties. The two clauses were not inseparably bound as a composite restriction on ownership. Consequently, the right to claim re-transfer const…
Source excerpt
- Prescription Act
- Real Vs Personal Rights
- Title Deed Conditions
- Option To Purchase
- Retransfer Of Property