The Legal Nature of an Apartment Sale Transaction
The sale of an apartment in Georgia takes the form of a contract of sale regulated by the Civil Code. Under Article 477, by the contract of sale the seller is obliged to transfer to the buyer the right of ownership in the property, to hand over the documents connected with it and to deliver the goods. The buyer, in turn, is obliged to pay the seller the agreed price and to accept the purchased property. This is a bilateral transaction: the right of each party is secured by the obligation of the other, and that is precisely why the accuracy of the contract text is decisive.
In the context of an apartment, this means that the transaction must clearly define the specific apartment being transferred, the seller's obligation to transfer ownership of it together with the related documents, and the buyer's obligation to pay the agreed price. If the price is not directly indicated in the contract, the parties may agree on the means of its determination — although in practice a precise and direct fixation of the price in the document is always the safer solution, because it removes any ground for later disagreement.