Japanese Real Estate Glossary
People & the Buying Process

売買契約

baibai keiyakuばいばいけいやく

Purchase and sale contract

The binding sale contract, normally signed immediately after the explanation of important matters and together with payment of the deposit. Key clauses to check: the loan contingency (ローン特約), the defect-liability terms, and exactly which parcels, buildings, and fixtures are included.

Verify ownership before you sign — pull the registry record

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