BlackBrick Property Marketplace Terms & Conditions

  1. Securing an Apartment
When a Purchaser secures an apartment on the BlackBrick Umhlanga Property Marketplace, they are required to pay a non-refundable deposit fee of R20,000.
  1. Reservation Deposit Fee Requirement
The R20,000 reservation deposit and administration fee will go towards the purchase price. This fee is necessary to secure the unit.
  1. Payment Gateway
We use iKhokha as our payment gateway. Based on the current incoming fees, a transaction rate of 2.25% Ex. VAT will be implemented. These transaction fees are the purchaser’s responsibility and will be deducted from the initial reservation fee.
  1. Payment Process
The Purchaser enters their payment details and completes the transaction through iKhokha’s secure payment gateway via an API integrated with the BlackBrick Umhlanga Property Marketplace.
  1. Transaction Confirmation
The purchaser will receive a confirmation order via email, along with a pre-populated Agreement of Sale.
  1. Double Booking Policy
In the unlikely event an apartment is double booked, the purchaser who paid their reservation fee first will secure the apartment. This will be determined by a digital timestamp. The second purchaser has the ability to choose another apartment, failing which a refund of the reservation fee will be issued on submission of FICA documentation and a stamped letter from the Purchaser’s bank confirming banking details.
  1. Completion
On completion of the purchasing process and accepting these terms and conditions, the Purchaser agrees to receive future marketing communication from Rainmaker Marketing.
  1. Disclaimer
The information provided is to be used as a guide and is not a guarantee of savings or earnings. All information stated here was assumed correct at time of printing and publishing and subject to change without notice. The rates and levies provided are estimates based on the current project plans and are subject to change upon completion of the building. The estimated monthly bond repayments are calculated with a 10% deposit at 11.5% over 30 year term. E&OE. By proceeding with the reservation, the user agrees to these terms and conditions.