Скачать или смотреть Agreement of sale or Sale Deed🤔? | What should I choose😓?

An agreement of sale is a legal document that outlines the terms and conditions of a real estate transaction between a buyer and a seller. This document specifies the details of the property, the purchase price, and the rights and obligations of both parties.

The agreement of sale typically includes the following information:
🔹Names and addresses of the buyer and seller
🔹Description of the property being sold
🔹Purchase price and payment terms
🔹Closing date and location
🔹Contingencies or conditions of the sale, such as inspection or financing contingencies
🔹Disclosure of any known defects or issues with the property
🔹Responsibilities of each party, such as payment of closing costs or transfer taxes
Once the agreement of sale is signed by both parties, it becomes a binding contract, and both parties are legally obligated to fulfill the terms of the agreement. It is important to review and understand the agreement of sale before signing it and to seek legal advice if necessary.

A sale deed, also known as a conveyance deed, is a legal document that transfers ownership of a property from the seller to the buyer. It is a written evidence of the sale and purchase of the property, and once it is executed, the ownership of the property is transferred to the buyer.

A sale deed typically includes the following information:
🔹Details of the seller and the buyer
🔹Description of the property being sold
🔹Sale consideration or purchase price
🔹Payment details
🔹Transfer of ownership and possession
🔹Rights and liabilities of the parties involved
🔹Any warranties or representations made by the seller
Unlike an agreement of sale, a sale deed is a final document and does not contain any conditions or contingencies. It is a legal proof of the transfer of ownership of the property, and it is essential for both the buyer and the seller to execute the sale deed to complete the transaction.