1.1. What’s the Program About? The Rent-to-Buy Program, brought to you by Sandton Property Capital (SPC), is all about making your dream of owning a home a reality. It’s a unique service that lets you rent a property in South Africa with the option to eventually own it, all while we guide you every step of the way.

1.2. Your Commitment: By joining this program, you’re agreeing to follow these terms and conditions. They’re shaped by South African laws, so you can trust they’re fair and legally sound.

1.3. Your Path to Ownership: Think of this as your roadmap to homeownership. You’ll pick a property you love, rent it with a plan to buy, and we’ll handle the details to make it happen smoothly.

2.1. Who Qualifies?

2.1.1. You need to be a legal resident of South Africa—whether you’re a citizen, permanent resident, or have the right to live here.

2.1.2. You must be 18 or older, as per South African law.

2.1.3. Start by filling out our online application form. We’ll need a certified copy of your ID or passport, six months of bank statements to show your income, and a recent proof of address (no older than three months).

2.1.4. We’ll check that your monthly rent won’t eat up more than 30% of your net income—keeping your finances healthy is our priority!

2.2. Picking Your Perfect Home:

2.2.1. You’re in the driver’s seat here! Choose any property in South Africa that suits your taste—new builds or existing homes—up to a value of R1.5 million.

2.2.2. The property must meet South Africa’s property laws, so it’s all above board.

2.2.3. We’ll step in to do our homework, checking the property’s market value and ensuring it complies with regulations. This protects your investment.

2.2.4. Take your time with this decision—it’s a big one! Pick a home that matches your long-term goals, and we’re here to help you every step of the way.

2.3. Affordability Check:

2.3.1. Before you move forward, we’ll assess your finances to make sure the rent-to-buy plan fits your budget. We look at your income, expenses, and the property’s value to keep things manageable.

2.3.2. Transparency is key for us. If you have questions or need support during this stage, just reach out—our team is ready to assist!

2.4. Sticking to the Rules:

2.4.1. Everything we do follows South Africa’s laws on property, finance, and consumer rights. We’re committed to doing things ethically and legally.

2.5. Stay Connected:

2.5.1. Keep the lines open with us! Have a question about eligibility or your property choice? Our dedicated support team is just a call or email away. We’re here to make this process smooth and clear for you.

3.1. Property Evaluation Made Simple:

3.1.1. Once you’ve picked a property, we’ll dive into a detailed evaluation to confirm its fair market price. This involves looking at current trends and comparing it to similar homes nearby.

3.1.2. Our goal? To give you a transparent, honest picture of what you’re investing in, so you feel confident moving forward.

3.2. The Admin Fee Breakdown:

3.2.1. For non-members, there’s a one-time R3,000 admin fee to cover the evaluation process—this includes property checks, market research, and our team’s efforts.

3.2.2. Members get a perk: you might be exempt from this fee as a thank-you for sticking with us.

3.2.3. This fee is non-refundable and due before we start the evaluation, but we’ll let you know upfront so there are no surprises.

3.2.4. Got questions about it? Feel free to ask anytime—we’re all about keeping things open and honest.

3.3. Member Benefits:

3.3.1. If you’ve joined us before through the Rent-to-Buy Program or other services, you could skip the admin fee. It’s our way of saying thanks for your loyalty!

3.3.2. Check with us when you express interest in a property to confirm your eligibility and avoid any extra costs.

3.4. We’re passionate about making this journey fair and transparent, so you’re fully informed at every turn as you head toward owning your home.

4.1. What to Expect: After we approve your application and evaluate the property, we’ll send you a detailed Rent-to-Buy quotation. This is your personalized plan!

4.2. What’s Inside: The quotation spells out the terms, including the monthly rent for the 15-year (180-month) period. It’s your roadmap to ownership.

4.3. How We Calculate It:

4.3.1. Purchase Price: The full cost, including VAT.

4.3.2. Rental Term: A solid 15 years to spread out the payments.

4.3.3. Interest Rate: A fixed rate, currently set at the prime rate plus 4% (e.g., if the prime rate is 10.75%, your rate would be around 14.75%—we’ll update this based on the latest figures).

4.3.4. Deposit: A 10% upfront payment to kick things off.

4.4. A Clear Example: Imagine a R1,000,000 home—your deposit might be R100,000, with monthly payments around R13,500 (depending on the interest rate). We’ll break it down for you!

4.5. Your Decision Time: You’ve got seven working days to review and decide—accept it or let us know if you need adjustments. This gives you peace of mind to make the right choice.

4.6. Why It Matters: This quotation is the foundation of your agreement, setting the stage for the exciting steps ahead.

5.1. Our Role: Once your property is approved, we’ll step in to make an Offer to Purchase on your behalf—taking the stress off your shoulders!

5.2. New Developments:

5.2.1. We’ll present the offer to the developer via their agent and negotiate to get you the best deal possible.

5.3. Existing Homes:

5.3.1. We’ll reach out to the owner through their agent, handling negotiations to ensure a smooth process.

5.4. What’s Included: The offer covers the price, your deposit, and any other agreed terms, all tailored to your needs.

5.5. Next Step: Once it’s accepted, you’re ready to sign the Rent-to-Buy Agreement—a huge milestone on your path to owning your home!

6.1. Getting Started: After the offer is accepted and all paperwork is in place, you and SPC will sign the Rent-to-Buy Agreement. This is where your journey officially begins!

6.2. The Details: The agreement lays out the 15-year term, your monthly payments (based on the purchase price and 14.75% interest), and the rules of the road. We recommend giving it a thorough read—and feel free to chat with a lawyer if you want extra clarity.

6.3. Your Payments: You’ll commit to regular monthly payments, calculated to fit your budget.

6.4. Flexibility: Want to pay extra to shorten the term? Go for it! Any extra goes toward reducing your rental period.

6.5. Your Deposit: That 10% deposit is your safety net—it’s held securely and refundable if you need to back out.

6.6. Ownership Day: After 15 years (or sooner with extra payments), we’ll transfer the title deed to you or someone you choose.

6.7. What If Things Change? Miss three payments in a year? We’ll work with you to find solutions, but it could lead to cancellation if unresolved.

6.8. Legal Check: We encourage you to get legal advice before signing to ensure you’re comfortable with every detail.

6.9. Changes Ahead: We might need to adjust terms due to unforeseen circumstances, and we’ll keep you in the loop. Termination is possible by mutual agreement or as outlined here.

6.10. This agreement is your ticket to homeownership—approach it with care, and let’s keep the communication open for a successful partnership!

7.1. Why It Matters: Your 10% security deposit (e.g., R100,000 on a R1,000,000 property) protects both you and SPC. It shows your commitment and covers us if the plan changes.

7.2. How Much? It’s 10% of the purchase price, detailed in your quotation and due at the start.

7.3. Getting It Back: You can cancel anytime and get it refunded, no questions asked—well, almost!

7.4. Cancellation Details: We’ll return it within a reasonable time, minus any unpaid rent or damages beyond normal wear and tear.

7.5. Possible Deductions: If you owe fees or caused damage, we’ll deduct those before refunding.

7.6. How You’ll Receive It: We’ll use the same payment method unless we agree otherwise.

7.7. Our Promise: We handle your deposit with care, following South African trust account laws.

7.8. Keeping You Informed: Any deductions? We’ll explain why and when.

7.9. Your Records: We keep detailed logs of every transaction—ask us anytime for a copy!

7.10. Sorting Out Disputes: If there’s a disagreement, we’ll talk it out in good faith to find a fair solution.

7.11. By moving forward, you’re agreeing to these deposit terms—let’s make it work for you!

8.1. The Process Kicks Off: Once your offer is accepted and funds are in the attorneys’ trust account, we start registering the property.

8.2. Ownership Transfer: We legally move ownership from the current owner (developer or individual) to Sandton Property Capital.

8.3. Legal Compliance: We ensure every step meets South Africa’s property laws, keeping everything legit.

8.4. Expert Hands: Our experienced conveyancers handle the transfer with precision and care.

8.5. Stay in the Loop: We’ll keep you updated on progress, so you’re never in the dark.

8.6. Your Security: Once registered with us, the property is protected throughout your rental period.

8.7. Mutual Benefit: This setup gives you and us confidence in a solid, transparent agreement.

9.1. The Big Moment: After 15 years (or earlier with full payment), we’ll start the title deed transfer.

9.2. Legal Expertise: Our appointed attorneys handle this, following all South African rules.

9.3. To You or Your Choice: The deed goes to you or your nominated next of kin—your call!

9.4. The Catch: It only happens when you’ve paid everything off. Once you do, it’s yours!

9.5. Speeding It Up: Paid extra to shorten the term? We’ll fast-track the transfer once the total is covered.

9.6. Double-Check: Work with our attorneys to confirm all details—accuracy is key!

9.7. Our Support: We’re here to make this final step smooth and stress-free.

10.1. Pay Ahead: Love the idea of owning sooner? Pay extra toward the 15 years, and we’ll adjust your term accordingly.

10.2. Missed Payments: Fall behind three times in a year? We’ll notify you and try to help, but it could lead to cancellation.

10.3. Rent Changes: Rare economic shifts or property value changes might prompt a rent adjustment—with plenty of notice, of course.

10.4. Your Inspection: Check out the property before committing. Spot an issue? Let’s fix it together!

10.5. Insurance Cover: We’ve got the property insured, but consider personal content insurance for your belongings.

10.6. Ownership Transition: After 15 years, we’ll guide you through the ownership handover with clear updates.

10.7. Ending the Agreement: You can cancel anytime (deposit refunded), and we can too if terms aren’t met.

10.8. Legal Fees: If legal action arises from a default, you’d cover the costs.

10.9. Open Communication: We’ll keep you posted on changes via your preferred contact method—stay connected!

10.10. These extras ensure a fair, clear experience—take a moment to soak them in!

11.1. South African Rules: These terms and any disputes fall under South Africa’s laws.

11.2. Court Jurisdiction: Any legal issues go to South African courts—exclusive territory!

11.3. Talking It Out: We’ll try to sort disputes amicably through negotiation or mediation before heading to court.

11.4. Who Pays?: Legal costs go to the party at fault, as decided by the final ruling or settlement.

11.5. Joining the program means you’re on board with this legal framework—let’s keep it fair!

12.1. Our Right to Update: We may tweak these terms to keep the program running smoothly—think new rules or fee changes.

12.2. How You’ll Know: We’ll notify you via email or our website, so you’re always in the loop.

12.3. Stay Updated: Check back regularly to catch any changes—we’ve got your back!

12.4. What Might Change: Expect updates to processes, eligibility, or fees as needed.

12.5. Your Acceptance: Keep using the program after changes, and you’re agreeing to them.

12.6. Opting Out: Don’t like a change? You can leave the program without losing prior rights.

12.7. Our Effort: We’ll do our best to explain changes and their impact.

12.8. Need Help?: Reach out to our support team for any clarification—we’re here for you!

12.9. Continuing with us after updates means you’re happy with the new terms—let’s move forward together!