If A sells her river-fronting property to B, knowing that the existence of water rights is crucial to B for his intended small scale farming operations, and withholds important information regarding water availability, such fraudulent misrepresentation can, depending on the circumstances, mean the end of the agreement or allow B to claim a reduced purchase price.
These were some of the issues raised in the recent judgment in Cape Agulhas Hotel CC v Liesbeeck Motors (Pty) Ltd where the court came to the assistance of the purchaser.
When deciding to purchase or sell, it is always advisable to choose an expert property practitioner to assist you from the word ‘go’.
Contact our conveyancers at STBB or on www.stbb.co.za or read more about the case HERE.