The documentation ordinarily consists of a Purchase Contract setting out all the provisions of the transaction and a Bill of Purchase confirming the transfer of title and the payment of the full purchase price.
Normally the purchase contract for a private home would cover four to six pages and for a commercial property not more than ten to fifteen. The bill of purchase would be a five to ten line document.
The bill of purchase normally constitutes the deed which is presented to the authorities for registration of the transfer of title. However, nothing prevents the use of the purchase contract instead but this is not common. Irrespective of which document is used, it is important to note that the requirements regarding the compulsory content of the transfer document must be met by the document used for registration purposes.
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