Advance Selling of Flats: Legal Nature and Working Procedures for their Official Registrations

Advance purchase of flats has been a common method of transaction for many years. The legal deficiencies and the consequence risk of such transactions have not, however, been removed as yet. The ambiguous nature of such a contract and the legal difficulties in their official registration are two significant challenges. This article undertakes to offer different legal analysis of "the contract of the advance selling of flat". It will reach the conclusion that this is, in fact, a selling contract, by which the owner transfers their ownership in two stages: partly immediate and the rest for the future.