Sale Agreement Registry

The cadastre of properties under construction is a bit confusing compared to resale real estate. The timing of the cadastre is also decisive. The moment will have a great financial influence on the capital gain of the property. As I said, I will discuss the impact of the cadastre on the capital gain in my subsequent contribution. Let`s consider the 5 most common types of real estate registers of real estate under construction. What the sales contract creates is a right for the buyer to buy the property in question under certain conditions. Likewise, the seller obtains the right to obtain the consideration of the buyer if his part of the general conditions of sale is respected. In the second scenario, banks may insist on a higher real estate registration value based on their internal valuation of real estate. In one case, my client bought a property for 63L, while the price of the circle was 72L. In this case, the bank insisted on registering the property at 80L. The reason for this was that the bank`s expert estimated the value of the property at 80L. Banks attach particular importance to the value of real estate, so that in the event of non-payment, they should benefit from a fair market value through auctioning. The format of the deed of sale should contain a full description of the deed of sale, for example.

B is the name and address of the buyer and seller, i.e. Exporting parties. A well-crafted sales document would help to stem legal dangers/obstacles and avoid any ambiguity. On the contrary, if the immovable property is entered at the transfer value, this poses a problem for the contracting authority. The reason for this is that the premium is retained by the seller when selling real estate. Technically, the client receives only the initial equivalent, in accordance with the sales and construction contract signed with the first owner. Typically, I have observed that real estate is registered at a value somewhere between the total counter value of the first owner and the value of the sales contract. Personally, I did not understand the underlying logic. When an advance is paid, the sale price must be agreed between the buyer and the seller and must be indicated in the format of the deed of sale. The deed of sale must contain all the information relating to the method of payment that can be added on the change of claim, the check or the online transfer, which is also essential on a case-by-case basis.

Whether it is a deed of sale, a deed of leasing or a mortgage certificate, the document would say « deed of sale » if it is a deed of sale. 5. Certificate of Sale: This scenario only applies to bank auction properties. Most of the time, bidders have a lot of confusion in the cadastre in case of a bank auction process. Let me clarify that, in the case of an auction, the deed of transfer or the deed of sale is not registered in the Sub-Regulatory Office. In this case, the certificate of sale issued by the Bank is registered with the Under-Secretariat. It is signed by the designated and authorized bank agent at the time of registration. The registration fee must be paid to acquire the property that was transferred and registered in your name (in addition to stamp taxes). The fee is subject to a maximum of 30,000 (i.e.

1% of the market value or the contract value), which varies from country to country. Stamp duty and registration fees play a key role in this regard. .