(17) The buyer must make a statement of explanation in the prescribed form with or before the execution of the housing declaration, so that he must carry out his residence in accordance with the provisions of the ……………… Property And Property Act. Unless the buyer or seller violates or does not comply with the sales contract, it cannot be cancelled unless the buyer and seller agree. Most sales contracts are terminated under the following: I entered into a notarial contract to sell my apartment in 2002, can pay for an amount of 2.10,000/, provided that the buyer pays credit rates, he paid until May 2006, there after he stopped paying the same, and pay the same. Since then, to this day, I have been paying payments to the bank and asking you to consult with who is the rightful owner of this property. (a) If the buyer violates this agreement or refuses or does not purchase the property, as provided in this context, the seller is entitled to withhold the Earnest Money Deposit as liquidated damage or to demand, at his sole discretion, a specific benefit. This paperwork will also designate an expiration date specific to its terms. Find «XXVIII. How the Offer works,» and then use the empty lines presented here to indicate the date of the final calendar and the final time at which this contract must be signed or considered void. If the seller has not signed these documents before the calendar date shown here, all of the money given earnest must be returned to the buyer and these conditions are deemed revoked by the Seller. In many cases, information needs to be provided. All information that assists completed documents must be properly documented.
Article «XXXI. Disclosures,» so that we can indicate the status of these facilities. If there is no Discloser accompanying it, check the check box («There are no addendums or attached disclosures… »). If addendums/disclosures are added, check the second box and lean to the list below. Four additional styling boxes have been made available for this choice. Check the «Lead-Based Paint Disclosure Form» box if a lead paint disclosure is added. If additional addendums are available, indicate the title of each of them in a separate line and check the check box based on that line. If there are additional terms and conditions that are applied to the sales contract documented in this document, but are not documented in its contents, enter this information in empty lines in the thirty-second article («XXXII.» Additional terms and conditions»). If you need more space, you can continue with an appendix called «Article XXXI-Offenlegung.» Disclosure information: Many states require the home buyer to clarify all the information that the buyer needs to know about the home before the sale can take place.
If z.B. the house needs to be repaired or if there is a problem that could otherwise affect the value of the property, the buyer must inform the seller in writing of these problems. The buyer should be aware of the additional costs he faces once he owns the house. If financing was a condition of the sales contract, the buyer must go to a local financial institution to request and secure financing for his home. This is commonly referred to as «mortgage» and may require up to 20% for a down payment with other financial obligations, depending on market conditions. The sales contract for the purchase of a property is a legal contract.