A preliminary sale and purchase agreement can be replaced

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Apuroos2174
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Joined: Sat Dec 21, 2024 3:50 am

A preliminary sale and purchase agreement can be replaced

Post by Apuroos2174 »

by an advance agreement. This is a softer agreement, which in case of a deal breakdown does not oblige you to go to court, but allows you to part ways amicably and simply return the money.

We conclude a purchase and sale agreement
The most important part of the deal. To sign, the seller must have all the necessary documents and a preliminary contract or advance agreement in hand.

It is very important not to make mistakes in the contract, so that the transaction is not later declared invalid. For this, it is best to seek help from a lawyer.

The contract must include:

regarding what the contract is being drawn up – the address of the apartment, cadastral number, area, floor, number of rooms and even its condition;
price;
term and method of payment;
data from both parties;
information about the seller's rights to the subject of the contract;
term and procedure of transfer;
absence or presence of encumbrances;
permission of the spouse, guardianship latvia business email list authorities, etc.;
absence of registered people and owners;

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the seller's obligation is to transfer the apartment, and the buyer's obligation is to accept and pay for it;
liability for breach of contract terms;
date and place of signing;
signatures of the parties;
and other conditions necessary for a particular case.
We submit documents to Rosreestr
After the transaction has been secured by a contract, the housing must be transferred to the new owner. To do this, you must contact the MFC or Rosreestr and register the ownership right.

It all goes like this:

you submit an application.
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