What is Signed Offer?
By signing the offer letter, the candidate accepts the terms and conditions of their employment, making it a legally binding agreement between the employer and the new employee.
How Long Is A Signed Offer To Purchase Valid For In South Africa
The buyer stipulates the deadline date which the seller has to accept. If no deadline date is stipulated, the Offer to Purchase will be valid for what is termed “a reasonable period”. It’s best to avoid this ambiguity by stipulating a deadline date. Buyers need to be aware of the 72-hour clause.
Can I cancel an offer to purchase South Africa?
Most sellers will refuse to remove this clause. The offer is less than R250 000. In order to protect low-income buyers, the law allows for a buyer to cancel the offer if it amounts to less than R250 000, but only if written notification is provided to the seller within five days of signing the offer to purchase.
How does an offer to purchase work in South Africa?
An Offer to Purchase is a legally binding contract; once you sign it, you cannot withdraw without incurring penalties. As a prospective buyer, you should make sure your finances are in order and obtain bond pre-approval before making an offer.
How do you respond to a signed offer?
I am pleased to formally accept the offered position as [position] with [company]. Thank you for the opportunity. As the offer letter displays and as we previously discussed on the phone, I accept the starting salary of [offered salary] with the availability of benefits after [number of months].