HomeWho should prepare the Deed of Absolute Sale, or usually who provide this? Buyer or Seller?
Is Letter of Intent necessary?
Thank you.
Is Letter of Intent necessary?
Thank you.
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Deed of Absolute Sale
3 posters
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2 Re: Deed of Absolute Sale Tue Feb 16, 2016 9:33 pm
betchay001
Reclusion Perpetua
Hello,
Seller usually prepares this since the Deed of Absolute Sale may contain the technical description.
Seller usually prepares this since the Deed of Absolute Sale may contain the technical description.
3 Re: Deed of Absolute Sale Fri Feb 19, 2016 1:39 pm
CaseLogic
Arresto Mayor
What is the difference of Deed of Absolute Sale & Conditional Deed of Sale?
We are buying a property which is currently mortgaged in PSBANK. The SELLER is selling it for 1.8M.
We will pay her 550k upfront and 1,250,000 thru bank.
They prepared Conditional Deed of Sale. I guess it is because there are some conditions/obligations to be fulfilled by us as a buyer.
Do we need to have Deed of Absolute Sale afterwards?
We have paid earnest money already.
Is this correct? / legal?
Thank you!
We are buying a property which is currently mortgaged in PSBANK. The SELLER is selling it for 1.8M.
We will pay her 550k upfront and 1,250,000 thru bank.
They prepared Conditional Deed of Sale. I guess it is because there are some conditions/obligations to be fulfilled by us as a buyer.
Do we need to have Deed of Absolute Sale afterwards?
We have paid earnest money already.
Is this correct? / legal?
Thank you!
4 Re: Deed of Absolute Sale Mon Feb 22, 2016 9:38 pm
Filia
Reclusion Perpetua
The conditional deed of sale becomes absolute upon the fulfillment of the condition usually it is the full payment. No need to execute a new one.
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