LEOGEM PROPERTY PROJECTS (PTY) Ltd (LEOGEM/WE/US/OUR) TERMS AND CONDITIONS

(TERMS) FOR THE LEOGEM HOME LOAN INCENTIVE Campaign)

Please read the Terms carefully and pay special attention to the clauses that are in bold, as they may limit our liability (responsibility) or involve some risk to you.

1. DURATION
The campaign starts at 00:00 on 16 September 2023 and ends at 23:59 on 30 November 2024 (Campaign Period).

2. REQUIREMENTS
To qualify for the incentive, you must:

2.1.1 be 18 years or older and be in good financial standing;

2.1.2 be eligible to purchase a property in the Republic of South Africa;

2.1.3 be buying a home from Leogem and applying for a bond/home loan through our in-house bond Finance channel; and

2.1.4 be eligible for a home loan.

3. ELIGIBILITY CRITERIA

3.1 You must apply for a home loan through Leogem’s dedicated in-house Bond finance channel up to a maximum of R5 million (Five million Rand), via our Sales channels or sales agents (through Penny Spannenberg (penny@leogemprop.com) during the incentive period.

3.1.1 It will be your responsibility to ensure that all supporting docs are provide for your bond application. Should your application be unsuccessful due to missing or misrepresented information, you will not be eligible to claim for the incentive.

3.1.2: Your application will need to be secured in 10 days (unless otherwise stipulated) subject to the agreement of sale (clause 6.2) signed with no extensions granted.

3.1.3 Applicants must be sure to disclose if they have any bad judgements or defaults that they are aware of and acknowledge as per the agreement of sale that they are in good standing with their credit rating and that they can afford the bond amount that they are applying for.

3.2 If your application is received by Leogem by 30 November 2024 and your mortgage bond is not successfully granted, you will be eligible to claim a R1000 (one thousand rand) back from us.

4. INCENTIVE

4.1 Should your application be unsuccessful, and we have exhausted all channels available through our in-house bond finance team you will be eligible to claim for a R1000 incentive back from Leogem

4.2 The Incentive is subject to an unsuccessful bond application. If your bond amount is declined, you will receive R1000. Only If your bond amount is declined will you be eligible to claim for the incentive subject to the criteria outlined in clause 3. That is our Bond guarantee.

4.3 The cash amount will be transferred directly into your nominated bank account. Upon unsuccessful application of the bond and only if we have exhausted all channels through our in-house team within the stipulated terms of the agreement of sale.

5. GENERAL

5.1 We are the promoter of the campaign. Any reference to we/us/our includes our directors, sponsors, agents, or consultants, where the context allows for it.

5.2 You cannot participate in the promotion if:

5.2.1 you are a director, employee, agent, or consultant of Leogem Property Projects; or

5.2.2 you are an immediate family member of any of the persons specified in clause 5.2.1; or

5.2.3 you are a supplier of any goods or services to Leogem property Projects; or

5.2.4 you have applied for a home loan on behalf of a business (which, for the purposes of this promotion includes a trust); or

5.2.5 You are applying for a bond whilst not making full disclosure of your current financial position; or

5.2.6 you have been declined for a home loan through any other channel that is not our in-house bond finance team in the last 90 days.

5.3 These Terms are governed by the Consumer Protection Act 68 of 2008 and the Proptection of Personal Information Act of 2013

5.4 These Terms apply to the Campaign and all information relating to the Incentive programme (including any promotional or advertising material that is published).

5.5 By participating in this campaign, you are bound by these Terms and the terms pertaining to your home loan.

5.6 We reserve the right to amend these Terms.

5.7 We must process your personal information to validate your entry and if you are a Prize winner, to make the Prize available to you. By submitting your details to us for your home loan application you consent to us processing your personal information for this purpose. If you do not consent, please do not participate in this campaign.

5.8 You will be eligible for the cash incentive no later than 30 days after the validation process has been conducted.

5.9 Once the incentive has been confirmed it will be credited to the applicants account within 30 days.

5.10 We may declare the incentive forfeited (lost), if:

5.10.1 an applicants bond application is not valid.

5.10.2 all suspensive conditions in terms of the agreement of sale need to be fulfilled in the specified timeframes.

5.10.3 an applicant has breached these Terms.

5.10.4 an applicant has failed to disclose truthfully.

5.11 If there is a dispute in respect of these Terms or the campaign, our decision is final and binding.

5.12 The Cash incentive may not be transferred from you to any other person and may not be exchanged by you for any other item.

5.13 We are not responsible if your application that is submitted under false pretences or a an applicant who does not successfully take up the offer for any reason, including a technological failure.

5.14 We are not responsible for any loss or damage which you or any third party may suffer as a result of you participating in the campaign.

5.15 If required by the Minister for Trade, Industry and Competition, the National Consumer Commission or for any other reason, we can end the Offer immediately with or without notice to you. If this happens, you waive (give up) any rights which you may have against us and you will have no claim against us.

5.16 Nothing in these Terms prevents you from approaching the National Consumer Commission or any other relevant authority to obtain relief.