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