The sale of real estate is not documented in writing. Contracts for the sale of real property must be in writing to be enforceable under the statute of frauds.
A Contract of Sale of Real Property is an agreement between the buyer and seller that specifies the terms and conditions of the sale of real estate. In this case, the seller agrees to sell and the buyer agrees to purchase real estate.
This document outlines the terms and conditions of the property's sale and purchase. This Contract of Sale of Real Property includes both land and a building.
This document protects the parties to the agreement because it contains terms that they have expressly agreed to, and no party can withdraw from the contract without incurring liability for a breach of contract.
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