terms deed of sale

L16. Terms Deeds of Sale

They are referred to by various common terms in the real estate industry. The official term is a deed of sale under the Alienation of Land Act 1981 (because this Act is the fundamental legislation defining terms deeds of sale) but most agents, and the general public, casually call them ‘selling on the deed of sale’. This is a bit of a misnomer because all normal cash sales and cash-and-bond sales...

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