198. Protection of the contract.

Completion of most contracts occurs within a short period following exchange of contracts. In practice registration of the contract is uncommon but may need to be considered in the following circumstances:

  1.  

    (1)     there is to be a long interval (for example more than two months) between contract and completion;

  2.  

    (2)     there is reason to doubt the seller's good faith;

  3.  

    (3)     a dispute arises between the seller and buyer;

  4.  

    (4)     the seller delays completion beyond the contractual date;

  5.  

    (5)     the purchase price is to be paid by instalments, the purchase deed to be executed after payment of the final instalment;