Agreement Of Sale And Purchase Guyana

February 2017 Documents necessary for the transfer of transport, rental or ownership by the sale of the gift • Transfer fee to the lawyer (without a sales contract) – 1% of the value or sale price of the property. The parties may appoint their own lawyer to act in their interest. • Commission fee to the real estate agent (if retained by the seller) – 3% of the purchase price. Contracts for the sale and purchase of real estate must be in writing and signed by both the seller and the buyer. These agreements are usually prepared by a lawyer. The parties may appoint their own lawyer to act in their interest. A contract for the sale of immovable property may be enforced by filing a prohibition as a registered interest and also by filing in the High Court a judicial procedure for the specific performance of the contract, under the conditions set out in the contract of sale.