deed of sale sample land
a conditional sale occurs when there is a condition in the contract of sale, and ownership of the property will only pass to the buyer upon fulfilling the condition. the prospective seller still has to transfer title to the prospective buyer by executing a deed of absolute sale because the agreement in contract to sell is only a promise to sell and not yet a sale of the property. for purposes of this guide, we will be using the sale of real property as a sample as it is the most common type of transaction.