Agreement of Sale Of Immovable Property- SBB

What is Agreement Of Sale Of Immovable Property?

Immovable properties are assets and sales of such properties demands deeper and exhaustive documentation. An agreement of sale of immovable property documents sales and transfers also supported by other legal documents.

A sales agreement affects the transfer of rights of property by the seller to the buyer. A sales agreement mentions in detail the transaction and specifics like name of the buyer, name of the seller, detailed address, current loan liabilities on the property, transactional value, payment terms and mode, seller’s duties before and after sales, a buyer’s duty before and after-sale.