The preliminary sales agreement: A firm contractual commitment

Rudolphe ABEN

The preliminary sale agreement is a firm contractual commitment between the buyer and seller of a property. It is a preliminary agreement that defines the terms and conditions of the future property transaction.
The preliminary sale agreement is usually signed by both parties in the presence of a notary. The notary's role is to ensure that all conditions are met and that everyone's interests are protected. Once signed, the preliminary sale agreement is a firm and binding commitment for both parties.
The preliminary sale agreement contains detailed information about the property, such as its location, characteristics, condition, etc. It also sets out the sale price, the amount of the purchase price and the conditions under which it will be sold. It also specifies the sale price, payment terms and deadlines. In addition, the preliminary contract of sale may contain conditions precedent, such as the obtaining of a mortgage or an expert's report on the property, which must be fulfilled before the final deed of sale is signed.
If one of the parties fails to comply with the terms of the preliminary sale agreement, the other party may take legal action to enforce its rights. In most cases, however, the preliminary sale agreement is a guarantee of trust and transparency between the parties, which facilitates the conclusion of the property transaction.
In conclusion, the preliminary sale agreement is a firm contractual commitment that defines the terms and conditions of the future property transaction. It is important that it is signed in the presence of a notary to guarantee the security and protection of everyone's interests.