Pellicer & Heredia – What is the purchase-reservation contract

Pellicer & Heredia - What is the purchase-reservation contract

A ”contrato de compraventa” provides safety and security for both the buyer and the vendor, when buying/selling a house.

Important elements that must appear include:

  • Full names, address of residence, passport and or fiscal numbers of the buyers and the vendors.
  • A description of the property.
  • The price
  • The deposit, the amount, when and how is it payable?
  • Any consequences if any of the parties fall into a breach of contract.

Please remember to sign this document ONLY when your independent lawyer has given you the go ahead!

For more information contact us today on 965 480 737 or 606 056 282 or Email  [email protected].

The information provided in this article is not intended to be legal advice, but merely conveys general information related to legal issues.

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