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Absolute Sale

Definition - What does Absolute Sale mean?

Absolute sale can be defined as the transfer of the property to a buyer on bargain or completion of an agreement between the two parties. There are no conditions attached to an absolute sale, which means that the title is transferred with no restrictions, but only upon payment of the agreed amount.

Justipedia explains Absolute Sale

A deed of absolute sale is different to a deed of assignment. An absolute sale deed documents the absolute sale. Usually, all real estate purchases are absolute sales, and deeds are deeds of absolute sale, which provide evidence of the sale of any unmovable object, like a land or a building.

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