Agreement of Sale

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • terms of sale
  • legal document

Acronyms

  • AOS

Definition of Agreement of Sale

  1. A legally binding document that details the agreement between a property buyer and the property seller. This document specifies the agreed price and any other terms of the title transfer or sale

Related Terms and Acronyms

  • Sales Contract Definition,
    • A legal written document that details the agreed upon conditions between a seller and a buyer regarding the sale of a specific property. Also called an "Agreement of Sale."
  • Land Transfer Tax (LTT) Acronym,
    • A provincial tax payable on any property that changes hands. First time buyers may be eligible for a rebate.
  • Probate Sale Bank,
    • Sale of property after the death of the owner, supervised by a court, with proceeds divided among creditors and heirs.
  • Lending Value Definition,
    • The property value for mortgage purposes. Usually the lesser of appraised value or sale price.
  • Modification Bank,
    • A change in terms of the loan agreement.
  • Real Estate Attorney Definition,
    • A lawyer who specializes in the transfer of land and buildings and property tax issues.
  • Solicitor Information Definition,
    • When you apply for a mortgage you will need a law firm with a lawyer's name and their contact information which would typically include the office location, phone number, fax number and e-mail address.
  • Bill of Sale (BS) Acronym, Important,
    • A written document that serves as evidence of the transfer of title to personal property.
  • Sale-leaseback Definition,
    • A transaction in which the seller transfers the title to the buyer, then rents the property from the new owner. Generally not done in Canada, more an American practice.
  • Sale Price Bank,
    • The price that is paid for an asset.
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