Practicing Success
Sale is a transfer of: |
Possession
Ownership
A right to enjoy immovable property
An interest in a specific immovable property |
Ownership |
Sale means a transfer of ownership (right to possess something) of the property in exchange for a price (money) as per Section 54 of the TPA. Seller is the person who transfers the property and buyer is the person to whom the property is transferred. The consideration in a sale is usually money |