Kaleido Westown - Listings Platform

1. Securing an apartment

When a Purchaser secures an apartment on the Platform, they are required to pay a non-refundable reservation fee of R10,000.

2. Reservation fee requirement

The R10,000 reservation fee 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 2.85% excluding VAT will be implemented. These transaction fees are the Purchaser’s responsibility and will be deducted from the initial reservation fee.

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 Platform.

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 and communications

On completion of the purchasing process and accepting these Listing T&Cs, the Purchaser agrees to receive future marketing communication from Rainmaker Marketing, subject to preferences and applicable law.

8. Additional platform provisions

• FICA and verification: We may require identity and banking verification to prevent fraud and to comply with legal and contractual requirements.
• Refunds: Where a refund is due, it will be processed to a verified bank account, subject to payment processor requirements and completion of verification steps.
• Chargebacks: If a Purchaser initiates a chargeback or payment dispute, the unit may be released back to availability pending resolution.
• Platform availability: The Platform may be unavailable from time to time due to maintenance, technical issues, or circumstances beyond our control.
• Developer responsibility: The developer and/or appointed agents remain responsible for unit availability, pricing, and the final Agreement of Sale; the Platform is a facilitation tool.

9. 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 10.5% over 30 year term. E&OE.

By proceeding with the reservation, the user agrees to these Listing T&Cs.

10. Governing law

These Listing T&Cs are governed by the laws of the Republic of South Africa.