How to write your own sales contract (incl specimen form)
Posted: Thu Aug 20, 2009 6:19 pm
Sales contracts come in various forms and some can be downloaded from the Internet. You can have them for cars, apartments, villa's, land, valuables etc. each form will be slightly different.
In Egypt, sales contracts can be bought from any stationery office and generally come on blue paper but can come in white also. The sample here cost 50 pstr to buy.
I will later attach one scan of an original, and one English translation of it by my husband, but only an Arabic one will be used in any Egyptian transaction. The English is purely to give an idea of the content.
This is an example of a sales contract procedure for buying an apartment.
Procedure:
View property and agree a price.
Inspect sellers original contract, and registration document. If you are in any doubt take the number from the contract documents and ask the registry to check authenticity. If they have court stamps and a green eagle stamp (blue if Notary Office) you can be assured they are legal from the court/notary.
Buy two sales contracts from the stationery shop. One for seller and one for buyer.
Fill in both copies exactly the same and have two but preferably 4 witnesses, 2 from each side to witness them.
If the seller has a registration document saying that he owns the land you then both go to the Notary Office and register the new buyer as the new owner.
The sellers original registration will then be terminated and a new one started which the new buyer will have as proof of ownership. The notary office will enter the new details and write on the sales contract a number. This number is the number to check with the registry should any disputes occur. No lawyer is needed if the registration document is available,
The fee for this will depend on the size of the apartment and the value and as an approximation in Cairo. A friend has built a 5 storey block and it cost 5,000le to register in 2008 total. So this should give you an idea of the cost.
Once this is done it is final and you own the property and have it registered in your name.
If the seller has no registration document , then you will be better at this point to hire a lawyer. It can be done without but will be quicker with one.
Both seller and buyer can go to the court to prove that the signatures on the contracts are genuine and that both parties are happy with the sale. The judge will then stamp the contracts and they will then be legal should any disputes occur later.
If you do not want the hassle of going round 10 offices to get various stamps you can ask the lawyer to do this part.
You must both give him POA, or the seller can go to the court on the court date set by the judge to confirm that this is his signature on the contract.
if you give both POA to the Lawyer it should take around 4 months to complete the process and this should cost 450le or thereabouts incl of all stamps, backsheesh, etc.
Keep in mind that the original blue contract from the stationery office will be the ones you have as your final contract. Lawyers do not magically have to charge you more for another 'special legal' contract. It cost's 50 pstr!
This is the same one all the stamps go on. So be beware if they make it sound more complicated than it actually is.
In Egypt, sales contracts can be bought from any stationery office and generally come on blue paper but can come in white also. The sample here cost 50 pstr to buy.
I will later attach one scan of an original, and one English translation of it by my husband, but only an Arabic one will be used in any Egyptian transaction. The English is purely to give an idea of the content.
This is an example of a sales contract procedure for buying an apartment.
Procedure:
View property and agree a price.
Inspect sellers original contract, and registration document. If you are in any doubt take the number from the contract documents and ask the registry to check authenticity. If they have court stamps and a green eagle stamp (blue if Notary Office) you can be assured they are legal from the court/notary.
Buy two sales contracts from the stationery shop. One for seller and one for buyer.
Fill in both copies exactly the same and have two but preferably 4 witnesses, 2 from each side to witness them.
If the seller has a registration document saying that he owns the land you then both go to the Notary Office and register the new buyer as the new owner.
The sellers original registration will then be terminated and a new one started which the new buyer will have as proof of ownership. The notary office will enter the new details and write on the sales contract a number. This number is the number to check with the registry should any disputes occur. No lawyer is needed if the registration document is available,
The fee for this will depend on the size of the apartment and the value and as an approximation in Cairo. A friend has built a 5 storey block and it cost 5,000le to register in 2008 total. So this should give you an idea of the cost.
Once this is done it is final and you own the property and have it registered in your name.
If the seller has no registration document , then you will be better at this point to hire a lawyer. It can be done without but will be quicker with one.
Both seller and buyer can go to the court to prove that the signatures on the contracts are genuine and that both parties are happy with the sale. The judge will then stamp the contracts and they will then be legal should any disputes occur later.
If you do not want the hassle of going round 10 offices to get various stamps you can ask the lawyer to do this part.
You must both give him POA, or the seller can go to the court on the court date set by the judge to confirm that this is his signature on the contract.
if you give both POA to the Lawyer it should take around 4 months to complete the process and this should cost 450le or thereabouts incl of all stamps, backsheesh, etc.
Keep in mind that the original blue contract from the stationery office will be the ones you have as your final contract. Lawyers do not magically have to charge you more for another 'special legal' contract. It cost's 50 pstr!
This is the same one all the stamps go on. So be beware if they make it sound more complicated than it actually is.
