Real contract – this type of agreement is widely used in the sphere of Property Law. It details the contract between two parties, concluded in relation to real estate. For example, the conveyance agreement, or the private purchase contract. The real contract could be in the form of a title deed. Or a private purchase contract. It should include all the terms and conditions applicable for this type of contracts. Usually, these include a description of the property, the purchase/sale price, the personal details of the parties etc. They could also include various clauses like the way of transfer the possession, way of payment, and others.
Therefore, it is always advisable such contracts to be designed by qualified and experienced property lawyer.
See also “Negotiated property purchase”