Purchasing Property : from the Promise of Sale Agreement to the final Deed of Sale

Course Outline

As a member of the legal profession, you will inevitably have to deal with Promise of Sale Agreements and Contracts of Sale. As a notary, you will draft and publish them, as a lawyer, you will represent clients in disputes over them. It is essential, therefore, for you to understand how a promise to buy and a promise to sell become a binding contract. This course will give you a practical insight into Purchasing Property: from Promise of Sale Agreement to final Deed of Sale.

Venue, Dates and Time

Institute of Legal Studies Tuition Centre, 19/12 Vincenti Buildings,
Strait Street, Valletta VLT1432
4 sessions; dates to be determined at a later stage
1130 – 1330 hrs including a coffee break

Participation Fee

Fee € 100
Special Student Rate € 50; smart card refundable upon presentation of VAT receipt to KSU Office
Cheques are payable to Ganado Services Ltd; fees are inclusive of VAT

Certification

A certificate of attendance will be issued to all participants indicating the attended sessions.

Programme :

Lecturer : Not. Dr. Dorianne Arapa

Wednesday, 8th February 2012 – Session 1 &
Wednesday, 15th February 2012– Session 2 
The Promise of Sale Agreement :
The Preliminary Meeting or Phone Call; what a prospective Buyer and Seller should know prior to Appearing on a Promise of Sale Agreement;
Drafting a valid Promise of Sale Agreement, Identifying the Parties, the Property and the Price;
Understanding the Difference between Deposit and Earnest;
The Conditions to which the Sale or the Property can be Subject;
The Promise of Sale Agreement has been signed – What happens next ?

Wednesday, 22nd February 2012 -Session 3
Legal Due Diligence :
Ordering and Vetting Searches into Liabilities and Transfers

Wednesday, 29th February 2012 – Session 4
The Contract of Sale :
Publishing and Registering the final Deed of Sale

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