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Agreement for Sale of Residential House
Document Type
DOCX
Pages
3
Price:
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Document Overview
An Agreement for Sale of a Residential House is a legally binding contract between a property seller and a buyer that outlines the terms and conditions under which the ownership of a residential property will be transferred.
Key Components of the Agreement for Sale of Residential House
1. Parties to the Agreement
2. Description of the Property
3. Purchase Price
4. Deposit and Balance Terms
5. Completion Date
6. Conditions Precedent
7. Transfer Process
8. Possession and Risk
9. Warranties and Representations
10. Default Clause
11. Dispute Resolution
12. Governing Law
13. Execution Section
Purpose of the Agreement for Sale of Residential House
1. Formalizes the Intent to Sell and Buy.
2. Secures the Interests of Both Parties.
3. Defines Payment Terms.
4. Ensures Compliance with Kenyan laws.
5. Enables Transfer of Ownership.
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