Umaster Việt Nam
Sale and purchase of a house, apartment, other premises
A real estate purchase and sale transaction formalizes the process of selling and acquiring a house, apartment or other premises. It doesn't matter what you agreed with the other party "in words". Only what is stated in the agreement matters. The real estate terms and conditions are what really matters.
We will not even remind you that the purchase and sale of a house, apartment, or any other premises is concluded exclusively in writing with obligatory notarization. Also, the subsequent state registration of rights to a house, apartment or other premises is mandatory. State registration is carried out by a notary on the spot and directly at the conclusion of the transaction. These things are self-evident.
An agreement of intent or a prior sale and purchase agreement does not predetermine the transfer of ownership. But such preliminary agreements usually contain significant penalties. Studying them before signing is a must!
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