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The compromise sale: The contract of sale of a property.
A key legal instrument requiring full formalism.
Tips leading to write a good compromise, agreement for sale.
The compromise Sales commits the buyer and seller towards each other contrary
to the promise unilateral.
The compromise is a genuine sale, with effect conveyance committing the
parties.
The conditions included in the contract may be precedent or subsequent (they
then led the resolution of contract).
A penalty clause is a penalty for failure to comply with its obligation
by one party is always in the contract.
The amount is usually 10% of the selling price.
At the signing of an interim compromise called receiver you are asked and
it is also usually 10% of total sales.
By cons, this amount will be refunded if a condition precedent is not realized.
It will also be notified to the buyer signing the compromise within withdrawal
from seven days to match the SRU law.
All diagnoses mandatory (lead, termites, asbestos, gas, electricity, law
carrez, energy performance and condition of natural and technological hazards)
and the book building maintenance and diagnostic technique will be supplied
by the seller to the buyer to take knowledge.
The conditions precedent are the current planning, the state mortgage and
finally the right of preemption.
The other conditions precedent are unique to the purchaser's such as obtaining
one or more loans.
Obtaining an administrative permit required for operation of things, including
the transformation of housing in local professional or obtaining a building
permit.
Other situations may arise, it is essential that you think before signing
the compromise and talk to the agent real estate or notary.
The signing of the compromise by the promisor (the seller) is irrevocable
and calls upon the heirs, they were minors or not.
The promise and his heirs can not promise that run the sale.
Unlike the death of the purchaser does not commit its successors and compromise
is considered void.
The transfer of ownership and therefore enjoyment will be the day of signing
of the deed at the notary.
The purchaser takes property sold in the state or they will be the day the
entry into possession without a guarantee from the seller unless the Seller
is a real estate professional.
This date is fixed in advance between both parties for signature compromise.
The sale is final until its regularization by deed authentic and when full
payment is received by the purchaser.
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