Understanding Agreement to Sell: Meaning and Implications
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This blog explains the "Agreement to Sell" in real estate, a legally binding document outlining the terms for a future property sale. It details essential clauses, differentiates it from a sale deed, and highlights its role in safeguarding transactions by clarifying responsibilities and ensuring smooth ownership transfer between buyer and seller.
Contents
Frequently Asked Questions
What is the difference between an agreement to sell and a sale deed?
Ans. An agreement to sell is a promise for a future property transfer, while a sale deed document captures the actual transfer of property ownership to the buyer.
Is the agreement to sell legally binding?
Ans. Yes, an agreement to sell is legally binding. It outlines the commitments of both parties in the property transaction, making them legally obliged to fulfil their roles as agreed upon.
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