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  • Writer's pictureDaven Homes Team

In plain English: Agreement of Purchase & Sale

The main legally binding document used in real estate transactions is the Agreement of Purchase & Sale (APS). A quick Google search will show you how it looks like. Before you put your name to it, make sure you understand what each clause in that document means.


 

The standard clauses


These are the standard clauses in the agreement, listed in the order of their appearances:



 

Condominiums and townhouses


Transactions involving condominiums and townhouses have a few additional clauses, namely:



Feel free to drop me an email if you need more clarifications.


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