ABSTRACT
However, most people would argue that the advantages in the use of formalities far outweigh the disadvantages.
4.2 Contracts for sale and dispositions of interests in land: the steps leading to a conveyance of property The purchase of land takes certain defined steps before the legal estate can pass from one person to another. When land is sold from one person to another there are four distinct stages. Stage one: the preliminary negotiations. These will not have any effect in law. If someone views a house and likes it enough to make an offer which is accepted by the seller, this will not be enforceable until contracts have been exchanged.
