5. Terms and conditions in agreement for sale and purchase
Feedback & supportEvery agreement for the sale and purchase of a commercial property must contain such terms and conditions of sale as may be prescribed by rules made under this Act.
commercial property
“commercial property” means a horizontal stratum of any building or part thereof, whether the stratum is on one or more levels or is partially or wholly below the surface of the ground, and is intended for use in accordance with the provisions of any written law as a complete and separate unit for any purpose other than a residential purpose;
Any term or condition of sale in an agreement of sale and purchase mentioned in subsection (1) which is inconsistent with the terms and conditions of sale prescribed by rules made under this Act is to the extent of the inconsistency void.