Sentences with phrase «instalment sales contract»
Under an instalment sales contract or a rent to buy scheme, you may not legally own the property until the final instalment is paid to the vendor.
https://www.moneysmart.gov.au/
An instalment sales contract is where you agree to purchase property from the seller through a series of instalments.
Not exact matches
Rory Brown represented the applicant property developer - in his application in the Chancery Division of the High Court of Justice - to set aside a statutory demand presented in respect of an instalment payment of # 2 million said to be due under a contract for the sale of shares in a corporate property development vehicle (Doherty v Fannigan [2016] EWHC 2098 (Ch)-RRB-.
However, there are certain types of contract which are invalid if not made in writing; for instance a contract for the instalment sale of land.