Tag archives: Property Insurance

Sale of land agreement is void if it omits material terms (in this case subdivision)

Photo of Patrick Bracher (ZA)By Patrick Bracher (ZA) on Posted in Insurance
The parties concluded a written sale of land agreement for unimproved erven purchased with the aim of subdividing and developing them into residential erven but an immediate subdivision was required because one erf extended into an adjacent development. The agreement was void because the parties had not agreed on the exact property sold because of … Continue reading

Property Insurance: calculation of total loss

Photo of Donald DinnieBy Donald Dinnie on Posted in Insurance
In the High Court case of Blackspear Holdings (Pty) Ltd v SASRIA the debate revolved around the proper interpretation of the total loss clause: “‘2.        Total loss In the event that the insured property is totally lost or destroyed the amount payable shall be the cost of removing the damaged property (limited to the … Continue reading
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