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What do reservation contract ?

Do you have a favorite for a new real estate program in progress ? Be careful before signing your reservation contract (or preliminary contract). THE reservation contract is an important document: it obliges the’organizer to book accommodation for you in the chosen program. It also specifies the conditions under which the sale will take place.

On your part, the stakes are lower. You have 10 days after signing to withdraw. Study the contract carefully and n’do not hesitate to ask questions to your interlocutors.

Vefa reservation contract: is the mandatory information indicated ?

I’ purchase off plan, also called sale in the future state of’completion (Vefa), is very protective for the’Buyer. VS’is highly regulated by law.

Verify that all required information is included:

  • List of elements (area, location in the building or subdivision, number of rooms, data sheet’information about the’equipment and materials used…) Even if this is not’is not mandatory, it is d’use to fix housing plans.
  • Conditions precedent for the’getting the loan…
  • Expected selling price of the home,
  • Any loans that the reserver (c’i.e. you) receives from the reservist,
  • Date of conclusion of the sale (the reservation contract no’that is’a provisional contract),
  • Time frame in which the work will be carried out,
  • Reminder of the legal conditions under which you can waive the’purchase (and, by the way, collect your deposit).

To note

The contract can be signed with a notary. In practice, however, it is often closed under private signature directly between you and the seller.

Vefa reservation contract: is all the information clear to you? ?

They can relate to plans s’they are not yet bound to the contract or the exact date of delivery. Enter the data obtained in the contract.

To note

At this stage, you can request certain drawings of the working plan, for example, on the arrangement of the partitions, the location of the doors…

Vefa reservation contract: you pay a deposit

When signing the reservation contract, it is d’use to pay a deposit. The maximum amount is determined on the basis of the expected date of signature of the final contract: 5% if the contract is signed within’one year and 2% s’it is signed within’one to two years. If this period is longer than two years, then no money can be claimed from you.

Even if the signing of the Reservation Contract mainly concerns your seller. If you cancel your purchase, you your deposit. However, except in certain situations:

  • The final sale price exceeds the estimated price by more than 5%.
  • Your bank loan has been refused.
  • The sale n’is not regularized within the prescribed time (because of the seller or the promoter).
  • You exercise your right of withdrawal within 10 days of signing the reservation contract.
  • I’ establishment does not meet the description in the booking contract (for example, one or more of the amenities provided).

I’ deposit must then be fully refunded to you within a maximum of three months.

Vefa reservation contract: once signed, you have ten days to withdraw

The seller must provide you with the reservation contract by registered letter or by an equivalent means (for example, by hand). You can check your commitment to buy l’establishment within 10 days of signing the reservation contract. This period is the day following the delivery or the first submission of the registered letter notifying the’OK.

To note

If you spend this period, you may lose your deposit (unless the conditions are suspended in the reservation contract …). Key points to remember

  • By buying on a plan (VEFA), you sign a reservation contract whose content is legally defined.
  • Get clarified the inaccurate points.
  • At the time of signature, you pay a deposit, which can be returned to you under certain conditions.
  • Once the contract has been signed, you have ten days to retract.

reservation by registered letter or by equivalent means (p. ex. by hand). You can check your commitment to buy L’establishment within 10 days of signing the reservation contract. This period begins the day following the delivery or the first submission of the registered letter notifying the contract.

To note

If you spend this period, you may lose your deposit (unless the conditions are suspended in the reservation contract …). Key points to remember