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15. General pitfalls to avoid

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15. General pitfalls to avoid

Category Buyer Guide

a. Ensure you are pre-qualified for a loan as financial approval usually takes a long time for agricultural properties.

b. Determine whether the seller is a VAT registered entity and the farming enterprise can be purchased as a going concern.

c. Familiarise yourself with the existing Title Deed to ensure there are no existing restrictions and limitations on the farm.

d. Find out if there are any registered servitudes on the farm or in favour and to the benefit of the farm.

e. Make sure the farm is zoned for the purpose that you will be using it for. 

f. Ensure that the water rights are duly registered when irrigation forms an integral part of the farming.  

Author Agrisell
Published 31 Mar 2021 / Views -
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