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    Agreement - Chatinkha

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    MARIA MWAFULIRWA
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    Agreement - Chatinkha

    Uploaded by

    MARIA MWAFULIRWA
    5 views4 pages
    ok

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    © © All Rights Reserved

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    5 views4 pages

    Agreement - Chatinkha

    Uploaded by

    MARIA MWAFULIRWA
    ok

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 4

    _____________________________________

    SALE AGREEMENT

    ______________________________________

    BETWEEN

    CHATINKHA CHIDZANJANKHOMA

    t/a

    MOUNT CARMEL PROPERTIES

    AND

    LUCY PETRONELLA LUKE CHITENJE

    INDEX
    Clause

    1. Sale
    2. Payment
    3. Lease
    4. Essence of Time
    5. Costs

    AGREEMENT

    DATED the 27th day of July 2022

    PARTIES

    1. CHATINKHA CHIDZANJA NKHOMA, of Private Bag 6, Chipoka,


    Salima, in the Republic of Malawi, a Malawian national of
    Identification Registration Number J1ZE38A6 (hereinafter called
    "the Vendor" which expression shall where the context so admits
    include his successors in title and assigns); and

    2. LUCY PETRONELLA LUKE CHITENJE, of P.O. Box X52,


    Lilongwe, a Malawian national of Passport Number MWA054150
    (hereinafter and together called "the Purchaser” which
    expression shall where the context so admits include his
    successors in title and assigns).

    RECITALS

    Page 2 of 4
    A. The Vendor is the beneficial owner of 0.0679 hectares of land
    situate at Kanengo, Title Number Alimaunde 27/453, Lilongwe
    District (hereinafter called "the Property") in respect of which the
    superior lessor is the Minister responsible for matters in the
    Government of the Republic of Malawi (hereinafter called “the
    Minister”).

    B. The Vendor has agreed to sell and the Purchaser has agreed to
    purchase the Property at the price of K5’000’000.00
    (hereinafter called "the Purchase Price") upon the terms and
    conditions hereinafter set out;

    C. Notwithstanding this Sale Agreement, the lease in respect of the


    Property has not yet been issued by the Minister.

    OPERATIVE CLAUSES

    1. Sale
    The Vendor hereby sells free from encumbrances and the
    Purchaser buys the Property at the Purchase Price subject to
    approval from the Minister.

    2. Payment
    The Purchaser paid the sum of MK1’000’000 being deposit
    money and shall pay the remaining MK4’000’000.00 will be
    paid in four monthly equal instalments on or before end of month
    of August 2022, September 2022, October 2022 and November
    2022.

    3. Lease
    The Purchaser shall procure the Minister to issue the lease

    Page 3 of 4
    aforesaid.

    4. Essence of Time
    All stipulations relating to time shall for the purpose of this
    Agreement be of the essence of the contract.

    5. Costs
    Save as otherwise provided all costs disbursements and expenses
    of or incidental to this Agreement and of or incidental to the
    transfer of the Property to the Purchaser or the grant of a lease
    including the cost of stamping and registration of this Agreement
    and the transfer or lease shall be borne by the Purchaser.

    IN WITNESS WHEREOF this Agreement has been executed by or on


    behalf of the parties hereto the day and year first above written.

    SIGNED by CHATINKHA CHIDZANJANKHOMA]


    In the presence of: ]

    Witness:

    Signature:

    SIGNED by ISABEL CHIMBIRI ]


    on behalf of LUCY PETRONELLA LUKE CHITENJE]
    In the presence of: ]

    Witness:

    Signature:

    Page 4 of 4

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