According to Article 561 of the RA Civil Code, the seller is obliged to transfer the land, building, building, apartment or other real estate to the buyer's property under a real estate sale (hereinafter referred to as real estate sale) contract. It should be noted that the contract of sale of real estate is concluded in writing by drawing up one document signed by the parties.
This contract is subject to notarization. A contract for the sale of a building, structure or other real estate transfers ownership of the land to the buyer at the same time as the ownership of the property. In addition, in case of sale of a building, construction or other real estate, the acquirer acquires the right of ownership of the part of the land, which has been previously allocated, and the rights to it are registered in accordance with the law on state registration of property rights.
The contract for the sale of real estate must contain information that allows the buyer to determine to some extent the real estate to be transferred under the contract, including information determining the location of the real estate in the relevant plot or other real estate.
In the absence of such information in the contract, the condition on the real estate subject to transfer shall be considered uncoordinated, and the relevant contract shall be deemed not concluded.
The contract of sale of real estate must stipulate its price. In the absence of a written agreement on the price agreed upon by the parties in the contract of sale of real estate, the contract of sale shall be deemed not to have been concluded.
The transfer of the real estate to the seller and its acceptance by the buyer is made on the basis of a transfer deed or other document on the transfer of the property.
The seller's obligation to hand over the real estate to the buyer is considered fulfilled after signing the relevant bilateral document on handing over the property to the buyer, unless otherwise provided by law or contract.
Avoiding the party to sign the document on the transfer of real estate under the terms of the contract is considered to be the refusal of the seller to transfer the property and the buyer to accept the property.