Buying & Selling

An initial payment used to reserve a property, often before the full sale contract is signed.

A translated document accompanied by the certification required by the receiving authority or transaction party.

A condition that must be satisfied before a contract obligation becomes fully effective or completion must occur.

The transfer of rights under a reservation or purchase contract from one person to another.

A contract term stating what happens when a party fails to perform an obligation.

Part of the purchase price paid before the final ownership transfer.

A written record of legal, title, permit, contract and other checks completed for a proposed purchase.

Money paid as security for performance of a contract and potentially subject to forfeiture or return rules.

An account where a neutral authorised party holds money until agreed conditions are met.

An authorised neutral party that holds money or documents until the conditions in an escrow agreement are met.

An exceptional event beyond a party's control that may affect performance under the contract.

The date on which the buyer receives possession, keys or control of the property.

The scheduled visit or filing for registering a transfer, mortgage, lease or other property right.

A project-specific charge for changing an available leasehold condominium arrangement into freehold ownership.

A contractually stated amount or method for calculating damages after a specified breach.

Buying a property before it is completed, usually from a developer and with payments made in stages.

A written proposal setting out the price and main conditions on which a buyer is willing to purchase.

A document allowing another person to carry out specific acts on your behalf.

A contract breakdown assigning parts of the total price to land, building, furniture or other assets.

A completed property sold by an existing owner rather than directly by the developer for the first time.

An early agreement used to reserve a property or unit before the main sale contract is signed.

The main contract setting out the property, price, payment schedule, transfer date, conditions and what happens if either side defaults.

The agreed date for registering ownership at the Land Office and completing closing payments.

Delivery of property without occupants or possessions that the buyer has not agreed to accept.