Terms & Conditions Property Marketplace

BlackBrick Gardens Property Marketplace Terms & Conditions ​

  1. Securing an Apartment When a Purchaser secures an apartment on the BlackBrick Gardens Property Marketplace, they are required to pay a non-refundable reservation deposit fee of R20,000.
  2. 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.
  3. 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 for the purchaser’s responsibility and will be deducted from the initial reservation fee. By agreeing to these Terms and Conditions you accept these fees.
  4. 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 Gardens Property Marketplace.
  5. Transaction Confirmation The purchaser will receive a confirmation order via email, along with a pre-populated Agreement of Sale.
  6. 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.
  7. Completion On completion of the purchasing process and accepting these terms and conditions, the Purchaser agrees to receive future marketing communication from Rainmaker Marketing.
  8. Disclaimer The information provided is intended as a guide and does not guarantee savings or earnings. Reservation deposit fee is non-refundable. All figures and details are estimates and were accurate at the time of printing and publishing but are subject to change without notice. Rates and levies are based on current project plans and may change upon building completion. Estimated monthly bond repayments are calculated with a 10% deposit at 11% over a 30-year term. BlackBrick and its agents are not financial advisors. We recommend consulting your own tax and investment advisors before making any financial decisions. Errors and omissions excepted (E&OE).


By proceeding with the reservation, you agree to all these terms and conditions.