The authentic instrument is that which has been received by a notary according to the solemnities required. It can now be prepared electronically. We talk about it most of the time about the bill of sale.
Means the person who is the recipient of a unilateral promise to sell.
Acknowledgment by buyers of having visited a property through a real estate agency.
Administrative document that must be held by any natural or legal person who engages or assists in the purchase, sale, rental, management of the property of others.
Clause by which a person undertakes to pay a lump sum in the event of non-performance of the main obligation to which he has undertaken. This clause can be found for example on a promise to sell.
COMPROMISE OF SALE
Synallagmatic sales contract, most often received by private deed. (See also "Promise to sell").
Contract by which one of the parties undertakes to give enjoyment of a thing for a fixed or indefinite period, subject to the payment of an agreed price.
Event beyond the control of the parties to which the execution of their commitments is suspended, such as for example the obtaining of a loan by the purchaser.
TIME LIMIT FOR REFLECTION OR RETRACTION
The purchaser of a property for residential use has a right of withdrawal or reflection (as the case may be) for 7 days. During this period, no amount of money can be paid, except when the private deed is received by a professional who must return the funds received within 21 days in case of withdrawal from the buyer.
Right allowing a private person or a public body to acquire a property by replacing the original buyer.
Compensation received in return for the provision of a service by a professional. Each real estate agency must display its prices.
Guarantee granted on real estate for the benefit of a lender of money. This guarantee, received by notarial deed and published in mortgages, entails costs for the borrower.
Amount paid into the hands of the real estate agent or notary, either on the occasion of a unilateral promise to sell, or on the occasion of a synallagmatic promise to sell which will remain with the seller in the event of non-completion of the sale.
Faculty to use real estate or to collect the fruits thereof.
Person who gives to another (the agent) the power to perform on his behalf one or more legal acts.
MANDATE OF SALE
Act by which the principal gives power to the agent to sell property. In practice, the powers conferred by the owner are limited to the search for a buyer. It is therefore a search mandate which will imply that the compromise is regularized by the seller himself.
PROMISE TO SALE
Preliminary contract signed by the seller and the purchaser of a property. It can be drawn up, either by private signature, or before a notary. There are two kinds of promise to sell:
The unilateral promise to sell: this formula does not bind the buyer
The bilateral promise (synallagmatic contract) also called compromise of sale: this type of agreement commits the buyer in the same way as the seller.
Word designating the person (the seller) who undertakes to transfer his property to the beneficiary (the buyer), when signing a promise to sell.
An easement is a constraint which is imposed on one property for the benefit of another property (ex: Servitude of passage ...) Administrative regulations on town planning can also create constraints at the expense of a property.
Natural or legal person acting as representative of a syndicate of co-owners and exercising the legal functions attached to this quality.
Tax due under local taxes for any occupant of housing on January 1, whether owner or tenant, for consideration or free of charge.
Tax due under local taxes by all owners of property located in the municipality.