Any prospective Purchaser would need to enter into two seperate agreements as there are 3 parties
to the sale of share transaction ( Purchaser / Seller / Hermanusdoorns Shareblock ):
Sale Agreement with the existing shareholder for the sale of the underlying share and
improvements on the site ( if any ) at an agreed price including the price of the share.
Shareholder Agreement with Hermanusdoorns Shareblock in accordance with the
stipulations of the Share Blocks Control Act.
The underlying transaction is in effect the sale of a specific share within the shareblock, giving
the prospective buyer the exclusive use of that site, and where applicable, the house built on the site.