Purchasing and selling the house attached in land or transferring land use right is civil transaction based on the agreement of both parties in a certain form of sale and purchase contract (the “Sale and Purchase Contract”). Because that is a well worth asset, in order to ensure those contract taking effectiveness and to ensure the rights of both parties, a Sale and Purchase Contract must meet certain conditions in accordance with the laws. Besides, purchaser also need to note and study carefully the formality of each contract before signing in order to avoid the potential risks. In fact, here are four (04) popular types of real estate sale and purchase contract that are potentially risky, purchaser needs to note, include:
1. Handwritten real estate sale and purchase contract (without notary certification);
2. Deposit contract;
3. Capital contribution contract; and
4. Authorization contract.
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