Key Legal Considerations in Real Estate Purchase Contracts

Before signing any real estate purchase contract, it is essential to verify the seller's title to the property and confirm it is free of disputes or third-party rights (such as a mortgage or attachment), since buying a property from someone who is not its true owner, or one encumbered by third-party rights, can expose you to significant loss later.

The contract should include an accurate description of the property (area, boundaries, plot number if applicable), the price and how and when it will be paid, the actual delivery date, and each party's obligations regarding registration expenses and any applicable taxes.

Properly registering the contract is critical to fully protecting ownership rights, since an unregistered contract may not grant the buyer the full rights the law provides against third parties.

Every real estate transaction has its own particulars, whether it is the purchase of a residential unit, land, or a commercial property. Before signing any real estate contract, get in touch with us to have it reviewed and ensure your rights are protected.