The Swedish real estate market for homes is constituted of three main forms: rental, ownership, and tenant-ownership. There are differences in the process, although the people would claim that most private persons do not fully recognize these differences and their implications on their purchase or ownership of the home. The Swedish conveyance process differs from most others, as it does not include any pre-contract phase; however, the LC demands a written contract to have a binding sale. In light of the foregoing, the typical conveyancing process takes the following form. To summarize, the Swedish conveyance process for both real estate and tenant-ownership is arguably simple. The ownership is conveyed with a sales contract, or, where it is agreed that a deed of sale shall be signed at the day of possession, upon the signing of the deed.