InvestorQ : What does ‘agreement to sell’ mean?
Suresh Patil made post

What does ‘agreement to sell’ mean?

Dilmini Mercia answered.
2 years ago
Agreement to sell, or ATS, is a legal document that is an important part of any legal property deal.
It is a document, executed on a stamp paper that records in writing the understanding between the buyer and the seller and all details of the property such as area, possession date, price, etc. In most Indian states, the ATS is required to be registered by law.
It is advised that you should register the agreement within four months of the date of the agreement at the office of the Sub-Registrar appointed by the State Government, under the Indian Registration Act, 1908.