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Home / Legal / Sale Agreement / What is Difference Between Sale and Agreement To Sale?
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What is Difference Between Sale and Agreement To Sale?

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The difference between sale and agreement to sale is crucial in understanding property transactions. A sale is a transfer of ownership of property from the seller to the buyer for a price paid or promised. However, an agreement to sale is a contract where the seller agrees to transfer the property to the buyer on the fulfilment of certain conditions at a future date. Read on to get more comparisons.

Difference Between Sale and Agreement To Sell

Understanding the following differences helps in ensuring that both parties are aware of their rights and obligations in property transactions.

Aspect

Sale

Agreement to Sale

Ownership

Immediate transfer to buyer

Future transfer upon conditions met

Risk

Transfers to buyer immediately

Remains with seller until sale

Nature

Executed contract

Executory contract

Legal Status

Complete and binding

Conditional and future binding

Remedies

Buyer can sue for possession

Buyer can sue for specific performance

I hope you found the sale and agreement to sell difference helpful.

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