By submitting documents to Rosreestr, the parties agree that the buyer will not be able to dispose of the property during the payment period. The sale, gift, and bequest of the apartment are prohibited until the entire amount has been paid.
Enlarge imagemortgage loan agreement
A well-drafted contract will ensure the protection of both parties.
How to draw up a contract correctly
The purchase and sale agreement between private individuals is iran business email list quite standard, and all the differences are in the section dedicated to payment.
In order for the transaction to be legally binding and for both parties to be protected, it is necessary to describe all the terms of the installment plan in as much detail as possible. Among them:
the full cost of the apartment;
the amount of the down payment - both in monetary terms and as a percentage;
total number of payments and their size;
date and payment procedure;
term of full repayment of the debt;
fines in case of failure to comply with the terms of the contract;
reasons for termination of the contract;
an indication that the apartment is mortgaged until the buyer pays the agreed amount.
What are the risks of installment payments between individuals?
