Specific nature and issues of the acquisition of real property (a land lot) and purchase and sale agreements

Abstract

Real property is the basis of market economy. Real property transactions, especially land transactions, represent a large part of civil transactions and have a significant role in the economy of the state as well as operation of natural and legal persons. The increasing scope of civil contracts demands for a detailed and proper regulation of the rights and obligations of the parties in contractual legal relations, establishment of the limits and apportionment of liability, and the issues of legal regulation of the state. The purpose of this article is to discuss the characteristics of real property (a land lot) purchase and sale agreements and unfold the related problematic issues in our state. For this purpose, the following objectives were set: Present the parties of a purchase and sale agreement, analyze their rights and obligations as well as limits of liability; Reveal the characteristics of the limitation of real property acquisition; Analyze the core terms and conditions as well as the form of a purchase and sale agreement and present the principles of title registration. The following methods are used in this article: logical-analytical method, systemic analysis method, critical content analysis, linguistic and document analysis methods.