Preliminary agreement on sale and purchase of an apartment with a deposit clause

Conditions of the form of the contract of sale of an apartment. Settlement procedure: 1. Deposit. The deposit given by the buyer to secure the conclusion of the apartment sale and purchase agreement shall be set off against payment of the purchase price of the apartment. 2. Letter of credit. The buyer opens two covered (deposited) irrevocable letters of credit on the day of contract conclusion: (i) letter of credit 1 is opened to the seller after registration of the buyer's title to the apartment; (ii) letter of credit 2 is opened to the seller after the seller has paid off the loan to the bank and released the encumbrance in the form of a mortgage within the period specified in the contract. Risk mitigation: If the seller fails to fulfill the obligations to pay the loan to the bank and remove the encumbrance within a specified period of time, Letter of Credit 2 is not opened to him. In this case, the buyer can take the place of the seller (pledgee in the mortgage agreement), subject to the approval of the bank as a borrower, and fulfill the obligation to the bank at the expense of funds from the letter of credit 2 or refuse to fulfill the contract of sale of the apartment.

A complete set of documents for the independent registration of the purchase and sale of an apartment purchased at your own expense Are you looking for a reliable and legally competent set of documents to complete an apartment transaction without a mortgage? The package of documents is developed by professional lawyers and fully complies with the requirements of the legislation of the Russian Federation. Save time, money and minimize risks with ready-made templates that will protect your interests at all stages of the transaction! What is included in the package: 1. Draft preliminary sale and purchase agreement with a deposit clause Sets out the terms of the deal, including the amount of the deposit, the terms of signing the main contract and the responsibility of the parties. 2. Receipt of the deposit Legally confirms the transfer of money by the seller. Guarantees transparency of settlements. 3. act of acceptance and transfer of documents Fixes the list of documents (technical passport, extracts of EGRN, etc.), which the seller gives to the buyer for inspection. 4. Contract of sale of the apartment The main document of the transaction with detailed conditions provides for the choice of settlement method: using a safe deposit box when paying in cash, through a letter of credit or through an escrow account. 5. Apartment Acceptance Certificate Confirms the actual transfer of the real estate to the buyer after payment. For whom: Buyers and sellers of apartments who want to formalize the transaction on their own. Transactions without credit facilities.

A complete set of documents for the independent registration of the purchase and sale of an apartment purchased at your own and mortgage expense Are you looking for a reliable and legally competent set of documents to complete an apartment transaction without a mortgage? The package of documents is developed by professional lawyers and fully complies with the requirements of the legislation of the Russian Federation. Save time, money and minimize risks with ready-made templates that will protect your interests at all stages of the transaction! What is included in the package: 1. Draft preliminary sale and purchase agreement with a deposit clause Sets out the terms of the deal, including the amount of the deposit, the terms of signing the main contract and the responsibility of the parties. 2. Receipt of the deposit Legally confirms the transfer of money by the seller. Guarantees transparency of settlements. 3. act of acceptance and transfer of documents Fixes the list of documents, which the seller gives to the buyer for inspection. 4. Contract of sale of the apartment The main document of the transaction with detailed conditions provides for the choice of settlement method: using a safe deposit box when paying in cash, through a letter of credit or through an escrow account. 5. Apartment Acceptance Certificate Confirms the actual transfer of the real estate to the buyer after payment. For whom: Buyers and sellers of apartments who want to formalize the transaction on their own. Transactions with credit loan and mortgage.

A complete set of documents for the independent registration of the purchase and sale of an apartment purchased at your own and maternity capital expense. Are you looking for a reliable and legally competent set of documents to complete an apartment transaction without a mortgage? The package of documents is developed by professional lawyers and fully complies with the requirements of the legislation of the Russian Federation. Save time, money and minimize risks with ready-made templates that will protect your interests at all stages of the transaction! What is included in the package: 1. Draft preliminary sale and purchase agreement with a deposit clause Sets out the terms of the deal, including the amount of the deposit, the terms of signing the main contract and the responsibility of the parties. 2. Receipt of the deposit Legally confirms the transfer of money by the seller. Guarantees transparency of settlements. 3. act of acceptance and transfer of documents Fixes the list of documents, which the seller gives to the buyer for inspection. 4. Contract of sale of the apartment The main document of the transaction with detailed conditions provides for the choice of settlement method: using a safe deposit box when paying in cash, through a letter of credit or through an escrow account. 5. Apartment Acceptance Certificate Confirms the actual transfer of the real estate to the buyer after payment. For whom: Buyers and sellers of apartments who want to formalize the transaction on their own. Transactions with funds of maternity capital.

The receipt confirms that the seller has received the deposit from the buyer, who has given it as proof of the conclusion of the preliminary contract and as security for its performance.