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The type of contract allows a buyer to legally possess the property after all of the terms and conditions have been met----- Sale agreement.
What is sale agreement?
An agreement of sale constitutes the terms and conditions of sale of a property by the seller to the buyer. These terms and conditions include the amount at which it is to be sold and the future date of full payment.
What is the validity of sale agreement?
A registered sale agreement is valid for three years. In the presence of a negative clause in the agreement, for instance, if the buyer is required to register the property within three months, the limitation is then extended by such period.
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