simply needs to pay the remaining balance
Posted: Sat Dec 21, 2024 5:05 am
We conclude a preliminary agreement and an advance payment agreement
When there is a match between a buyer and a seller: the first says that he wants to buy this particular apartment, and the second says that he will sell it to this particular person, that’s great.
But when it comes to such a serious purchase as an apartment, simple promises are not enough. In order to secure the agreement and not lose time and money, a deposit, an advance payment is given, or a preliminary purchase and sale agreement is drawn up.
A preliminary DCT is a document that states that a main croatia business email list DCT will definitely be drawn up in the future. It is often needed by banks when processing a mortgage.
It protects both parties, and if someone suddenly changes their mind, the other party will be able to achieve the conclusion of the main sales contract through the court.
A deposit or advance payment is a part of the cost of an apartment that acts as a guarantee that the parties will keep their word.
If the purchase is made, the buyer
And if not, then:
the advance payment is returned to the buyer,
the deposit either remains with the seller (if the buyer cancelled the deal) or is returned to the buyer in double the amount (if the seller cancelled the deal).
All these conditions are spelled out in the preliminary agreement.
When there is a match between a buyer and a seller: the first says that he wants to buy this particular apartment, and the second says that he will sell it to this particular person, that’s great.
But when it comes to such a serious purchase as an apartment, simple promises are not enough. In order to secure the agreement and not lose time and money, a deposit, an advance payment is given, or a preliminary purchase and sale agreement is drawn up.
A preliminary DCT is a document that states that a main croatia business email list DCT will definitely be drawn up in the future. It is often needed by banks when processing a mortgage.
It protects both parties, and if someone suddenly changes their mind, the other party will be able to achieve the conclusion of the main sales contract through the court.
A deposit or advance payment is a part of the cost of an apartment that acts as a guarantee that the parties will keep their word.
If the purchase is made, the buyer
And if not, then:
the advance payment is returned to the buyer,
the deposit either remains with the seller (if the buyer cancelled the deal) or is returned to the buyer in double the amount (if the seller cancelled the deal).
All these conditions are spelled out in the preliminary agreement.