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Before writing the contract, the buyer must confirm the seller’s ownership of the property (Statement of Real Estate Registration – Court Ruling – Notary Public)
The real estate sale contract must include the following basic terms:
Determine the Record Number and the real estate area.
The seller acknowledging the sale of the property to the buyer, specifying the property in terms of its limits, area and floor.
Determine the price of the property, the method of payment, and the amount paid while writing the contract.
The buyer declares that the property is fully inspected.
Seller guarantee all rights that may arise from the property.
Determine the date of delivery of the property free from occupants
Determining the date of the buyer’s payments
Determine the parts intended for common use such as elevator, roof or garden.
The penal clause for both the seller and the buyer in the event that either of them breaches any of his obligations under the contract.
writing a copy of the contract for each party and signing or imprinting it on the part of the seller, the buyer and two witnesses.
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