What Is Agreement On Property

Because of these provisions that require the payment of stamp duty on a contract of sale, people mistakenly perceive a contract of sale as an appropriate deed of sale. A purchase contract is a contract for the transfer of ownership. Even after both parties have signed the agreement, the property has not changed hands and the item is not in the name of the buyer. Agreements and contracts are legally binding documents, but there are some differences between them. An agreement usually documents the settlement, which in many cases leads to the signing of a contract; the contract essentially sets out the terms of the settlement. Common examples of agreements in real estate include sales contracts, purchase contracts, and mortgage contracts. Nearly 40% of properties in Bangalore are legal disputes.

2 months ago