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

17th, 26th & 31st October ; 7th November 2012

1130 – 1330 hrs including a coffee break

Participation Fee

Fee € 100; Special Student Rate € 50 (smart card refundable)
Cheques are payable to Institute of Legal Studies Malta

Certification

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

Programme :

Lecturer : Not. Dr. Dorianne Arapa

Session 1 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 ?

Session 3
Legal Due Diligence :
Ordering and Vetting Searches into Liabilities and Transfers

Session 4
The Contract of Sale :
Publishing and Registering the final Deed of Sale

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