Both parties agree that the buyer will pay the seller the total sum for the property purchased, including the deposit, on an agreed future date, known as the settlement date of the real estate transaction, upon which the purchaser assumes ownership of the property.
The buyer will pay the seller the total sum for the property. This is what both parties agree. This property is purchased on an agreed future date. This was upon which the purchaser assumes ownership of the property. This was including the deposit. This property is known as the settlement date of the real estate transaction. This was upon which the purchaser assumes ownership of the property. This was including the deposit.