Overview
An Agreement of Sale is the legally binding contract between a seller and purchaser setting out the terms under which a property will be sold.
Typical Contents
- Buyer and seller details
- Property description
- Purchase price
- Deposit and payment terms
- Conditions precedent
- Occupation and transfer terms
Before You Sign
- Verify the seller's authority.
- Confirm ownership or legal rights to sell.
- Review all special conditions.
- Obtain legal advice where appropriate.