Main Advantages

The preliminary (sale) contract is the instrument that concurs to formalize the agreement between the parts, the vendor and the buyer, before writing up the definitive contract in front of the public notary. The preliminary contract also is called Compromesso, is not obligatory but it is essential for the purchase conditions to remain inviolate until the moment of the final contract.

In the moment in which the compromise is signed, a deposit of 20% over the entire amount of purchase of property, will be delivered from the buyer to the vendor, this sum will be curtailed from the total amount agreed that  will be paid in the moment of the final contract.

The Preliminary contract is not obligatory, is only a very  important passage of the sale transaction. In the event in which there is an immediate purchase with the public notary, with the relative contract of property passage, the compromise can not be made.

The broker’s fee will be paid to the real estate agent in the moment of the preliminary contract.

Characteristic

The preliminary contract is a very  important instrument, because it proves the  future will  of the sale. All the data of the property, the owner and the future purchaser, the total amount of sale previously established, the amount paid as a deposit, the successive modalities of payment and the definitive date within which the contract must be stipulated in order to pass the property from the vendor to the new owner will be described inside.

The preliminary contract does not have to be reproduced, it comes written up in 3 copies, one remains with the purchaser, a copy remains with the vendor and the other remains to the realtor who, in this case, carries out a very important role : the witness.