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Ever been confused by all the jargon used in the real estate industry? We understand, hence every month we will take up a term and explain it briefly. Today’s term is Agreement-to-Sell
Agreement-to-Sell/Sales agreement is a contract between the parties (the buyer and seller) which states the intentions of the parties and contains important terms and conditions which the parties have agreed to and are binding upon them. The Agreement-to-Sell precedes the Sale deed and is the basis for drafting the Sale deed. The Agreement to Sell offers risk protection to both parties and hence is commonly used when big ticket items are involved e.g. in Real Estate
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Disclaimer: This post and the information in it here is only for informational purposes and does not constitute legal advice and is not a substitute for consulting with an attorney. This post and the information in it do not create an attorney-client relationship.