This legal document sets out the terms and conditions of the sale such as:-

1. a description of the property
2. particulars of vendor and purchaser
3. sale price
4. deposit
5. date for payment of balance
6. possession
7. cash or subject to mortgage
8. penalty for default, etc.

The agreement must be submitted to the Commissioner of Stamps and Estate Duties for Stamping within thirty (30) days after it is signed (late stamping attract a penalty of 100%).