In a contract of sale there are several different elements that have to be present, and then some that are sometimes present depending upon the basic characteristics of the property that’s being sold and if there are anything special about it that needs to be written into the contract. The first is the offer, which is the amount of money. The second is the acceptance, some statement that both parties agree for the money to be transferred in exchange for the property. Then the third is the terms of the transfer. When is it supposed to occur? How is it supposed to occur? Then are there any conditions that are associated with the transfer? Does it come with a lease or does it come with other encumbrances or is there an easement or any of those sorts of things? If there’s anything special about the transaction, that’ll be noted in that section, and then of course the signatures of the parties that indicate that they’ve agreed to it.

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