Common Contracts
1 similar Property Purchase Agreement contracts
WHEN DOES OWNERSHIP OF A PROPERTY BEGIN AND THE RELEVANT PROCESS TO PURCHASING A PROPERTYProperty Purchase Agreement • April 29th, 2022
The first step is an Offer to purchase agreement which is binding and watertight. This agreement is between the Seller and the Buyer that stipulates the terms and conditions for the sale of the property. The Seller is legally obligated to disclose any known defects in the property, and an assessor might be appointed to assess the condition of the property and provide the value of the defects in the said property.
