Housing Development Schemes for Retired Persons Act, 1988 (Act No. 65 of 1988)2. Formalities in respect of contracts |
| (1) | No alienation of a housing interest to a retired person shall, subject to section 8(2), be of any force or effect, unless it is contained in a contract signed by the parties thereto or by their agents acting on their written authority. |
| (2) | The provisions of subsection (1) relating to the signature by the agent of a party acting on the written authority of the party, shall not derogate from any law relating to the conclusion of a contract in writing by a person professing to act as agent or trustee for a company or close corporation not yet formed. |