Place the agreement in writing with a detailed closing statement attached to the sale contract. List each cost item (transfer fee, withholding tax, stamp duty, specific business tax, legal fees, agent commissions, registration/land-office fees, due diligence, title search) and specify who pays it. If there are government incentives or temporary reductions, note the applicable dates and confirm how they affect the total. Require both parties and the lawyer to sign and date the closing statement; include a mechanism for adjustments if estimates change. Ask your lawyer to review the language for clarity and to ensure there are no ambiguities that could trigger unexpected charges at transfer. Keep copies of all documents and request any updated statements if the deal timeline shifts. Finally, confirm how payment timing aligns with the transfer milestones to avoid late fees or penalties. Written documentation creates enforceable obligations beyond memory or tone of voice.
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How Can I Ensure the Split Is Clearly Documented in the Contract?
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