How To Transfer Money Under A Sales Contract

Table of contents:

How To Transfer Money Under A Sales Contract
How To Transfer Money Under A Sales Contract

Video: How To Transfer Money Under A Sales Contract

Video: How To Transfer Money Under A Sales Contract
Video: How To Make Sales Contract 2024, December
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The transfer of money is the most important and crucial moment in the sale and purchase transaction. If you do not pay due attention to it, it is possible that one side will be left with money and an apartment, and the other will not have either one or the other.

How to transfer money under a sales contract
How to transfer money under a sales contract

It is necessary

  • - cell rent;
  • - an agreement with intermediaries;
  • - registration with a limitation in the form of a pledge.

Instructions

Step 1

Do not transfer money for a purchase until the moment of state registration of property rights. In accordance with article 558 of the Civil Code of the Russian Federation, the purchase and sale agreement is considered concluded from the moment of state registration. If you have entered into an agreement and signed it, it only means that you intend to buy or sell property. If one of the parties refuses to fulfill its promise, you will have to return the transferred money in court.

Step 2

The seller of the property may not agree to receive funds after the registration of property rights and will be 100% rights. If you conclude and execute a transaction in accordance with the procedure established by law, the seller of the property may already be the injured party when he no longer has the rights to the transferred property and at the same time does not have money.

Step 3

The most dangerous form of transferring funds is cash, passed from hand to hand. If you are planning to carry out the calculation correctly, safely, without facts of fraud, use banking services by renting a safe deposit box. Sign a lease agreement with the bank and an additional agreement on the terms of access to the cell. With this form of transfer of funds, the buyer places the required amount in a cell. After the registration of ownership of the sold property, only the seller has access to the cell on the basis of the conditions specified in the banking agreement.

Step 4

If you use the services of a real estate company, in this case, the third party assumes responsibility for full payment for the transaction. The tenant of the cell will be the real estate agency you applied to. With intermediaries, you enter into a legal contract that specifies the form and timing of the transfer of funds from the buyer to the seller.

Step 5

An equally secure form of transferring funds for property is registration with a pledge. Until the moment of registration, the money is with the buyer, but the ownership is registered with the restriction in the form of the wording "Pledge by virtue of the law." Until the moment of its withdrawal, none of the parties to the transaction will be able to perform legally significant manipulations with property. To withdraw the deposit, you make a full settlement, sign the transfer deed and present it to the registration center. Each party receives what was predetermined at the time of the transaction.

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