Preliminary sale contract
Preliminary contract signed between the property seller and the property acquirer. This preliminary sale contract commits the two parties and it is usual that the acquirer pays a deposit (usually between 5% and 10% of the sale price) when this deed is established.
Deed contracted between people just by signing. In a property sale contract, it may be a preliminary sale contract , then turned into a notarised deed. A private deed is established by real estate agency.
People carrying on property transactions or estate management (estate agent, estate manager) must hold a professional card. It is delivered by the prefect and is renewed yearly. It specifies type of activity: property transactions on buildings and business or estate management. A real estate agent lacking a professional card cannot practice his activity.
Property transfer for real estate. The sale must be enacted by notarised deed to be authentic. In practice, the sale contract is preceded by a preliminary contract ( unilateral preliminary sale contract or compromise) usually established by a professional.
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