Agreement of Sale

(redirected from Sale Agreements)

Agreement of Sale

A contract by which two parties (a buyer and a seller) consent to the sale of some property. The agreement of sale usually contains a description of the property being sold, the price, the terms, and other relevant details. This term is used most commonly in real estate, but it may apply correctly to any sale involving a written document detailing a transaction.

agreement of sale

Typically refers to any real estate sales contract. In a few states, however, the term refers specifically to a type of seller financing also called a bond for title, land sale contract,or contract for deed.In that instance,the seller retains legal title to the property until the purchaser has made all payments over the term of the financing period. At the end, if there has been no default, the seller executes a deed to the buyer. This device is often used in high-risk financing situations because it can often avoid legal protections given to the buyer in the event of foreclosure or bankruptcy.

Agreement of Sale

A contract signed by buyer and seller stating the terms and conditions under which a property will be sold.

References in periodicals archive ?
The remaining net proceeds, and any proceeds received upon the settlement of the forward sale agreements, will be used to reduce outstanding debt, make additional healthcare real estate investments, for working capital and other general corporate purposes.
Of those shares, a portion is being offered directly by Medical Properties Trust and the remaining shares are being offered in connection with forward sale agreements among Medical Properties Trust and certain affiliates of the underwriters.
NASDAQ: RVEP) and Penn Octane Corporation (PINK SHEETS: POCC) in accordance with the respective Purchase and Sale Agreements between Rio Vista, Penn Octane and TransMontaigne, each amended and restated as of August 15, 2006 (each a "Restated PSA").
The restated PSAs replace the previously executed purchase and sale agreements between Rio Vista, Penn Octane and TransMontaigne dated Aug.
Westernbank agreed to discharge and terminate in full Doral's recourse obligations under the original mortgage sale agreements (except for obligations with respect to certain representations and warranties made in the original mortgage sale agreements, which will survive for a six month period following the closing of the restructuring agreement).
NYSE: MRH) (the "Company") announced today the terms of its two equity forward sale agreements under which it is entitled to sell common shares to an affiliate of Credit Suisse Securities (USA) LLC (the "forward counterparty") for proceeds of approximately $180 million (or $205 million if the underwriter exercises its over allotment option).
NYSE: MRH) (the "Company") announced today that it has entered into two equity forward sale agreements under which it is entitled to sell common shares to an affiliate of Credit Suisse Securities (USA) LLC (the "forward counterparty") for proceeds of approximately $180 million (or $205 million if the underwriter exercises its over allotment option).
In connection with this offering, Leap will enter into forward sale agreements for $250 million of its common stock with affiliates of some of the underwriters, referred to as the forward purchasers.
In connection with the offering, the Company entered into forward sale agreements with affiliates of Bear, Stearns & Co.
In addition, approximately 3,150,000 ordinary shares were borrowed and offered in connection with forward sale agreements.
In addition, approximately 3,150,000 ordinary shares are being offered in connection with forward sale agreements.
Onex Corporation announced today that it is settling its forward sale agreements relating to Celestica subordinate voting shares.