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2016-11-07
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2017-01-09
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2017-06-11
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2019-01-07
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2019-05-16
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2018-05-17
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What is conditional sale deed?
A conditional sales agreement is a financing arrangement where a buyer takes possession of an asset, but its title and right of repossession remain with the seller until the purchase price is paid in full. If the business defaults on its payments, the seller will repossess the item.
What is conditional deed of sale Philippines?
In conditional deed of sale, ownership is only transferred after the purchase price is fully paid or the fulfillment of the condition and the execution of a definite or absolute deed of sale are made. . . .
What is conditional deed of sale?
A conditional sale is a real estate transaction where the parties have set conditions. A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property. An alternative to a conditional sale is an invitation to treat.
What is the difference between deed of sale and deed of absolute sale?
The deed of absolute sale is used in many real estate sales. A deed is a document that states that one party is transferring his real estate property rights to another. An “absolute sale” deed is defined by having no conditions attached to the sale except the buyer's payment of the purchase price.
Can wife sell property without husbands signature Philippines?
Under the family Code, if the spouse sold the property without the consent and knowledge of the other spouse, then the sale is void.
What is conditional contract?
Conditional contract is an agreement that is enforceable only if another agreement is performed or if another specific condition is satisfied. A conditional contract is also termed as hypothetical contract. The contract is called conditional until the conditions listed are satisfied.
What does sell conditionally mean?
1. When a property for sale becomes conditionally sold (C/S), this implies that the sellers have accepted an offer from a buyer conditional upon the seller and/or buyer being able to fulfill certain set out conditions. When a property is conditionally sold, the sellers cannot accept other offers.
Can you put an offer on a house that is conditionally sold?
The short answer is Yes. You can make an offer on a house or condo that is conditionally sold, but you need to keep in mind that the seller has already accepted an offer from another buyer, so they would have to be released from that deal in order to avoid a legal nightmare of selling their home to more than one buyer.
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