Conditional Sale Agreement

A conditional sale agreement is a contract where ownership transfer depends on meeting specified conditions before completion.

Common ConditionsExample
Mortgage approvalBuyer must secure financing
Property inspectionSatisfactory survey results
Title verificationClear title confirmed
Planning permissionDevelopment approvals obtained
Tenant vacancyExisting tenant must vacate
Legal FrameworkRequirement
Conditions in writingClearly specified in contract
Timeframe definedDeadline for condition fulfillment
Failure consequencesContract termination rights
Deposit treatmentReturn if condition not met


Related Terms

Finance Contingency Subject ToPurchase Agreement Contract Performance

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