What are the effective conditions of the property contract?

Legal analysis: the contract can only take effect if the following conditions are met: 1. Formal requirements: first, a contract established according to law shall take effect upon its establishment; Second, if the laws and administrative regulations stipulate that the examination and approval registration procedures shall take effect, the examination and approval registration shall take effect; Three, the parties agreed in the contract, the effective time of the contract, from its agreement. 2. Substantive requirements: The actor has corresponding capacity for civil conduct when concluding a contract. As a civil legal act, only people with corresponding civil capacity are qualified to conclude contracts. 3. The expression of will is true: the behavior of the actor who expresses will should truly reflect his inner effect. 4. It does not violate the law or public interests.

Legal basis: According to Article 502 of the Civil Code of People's Republic of China (PRC).

A legally established contract shall come into force upon its establishment, except as otherwise provided by law or agreed by the parties.

In accordance with the provisions of laws and administrative regulations, if the contract should go through the approval procedures, such provisions shall prevail. If the failure to go through the formalities such as approval affects the effectiveness of the contract, it will not affect the performance of the obligation clauses such as approval and the effectiveness of relevant clauses in the contract. If the party that should go through the formalities for approval fails to perform its obligations, the other party may require it to bear the responsibility for violating its obligations.

The modification, assignment and dissolution of a contract shall be subject to the provisions of laws and administrative regulations, and the provisions of the preceding paragraph shall apply and shall be subject to approval.