Contrato
de compraventa de vivienda: a private property sales contract is a private
document in which the seller must hand over a property to the buyer for an agreed
price.
It is important to pay attention to certain
aspects of the sales contract such as who will be liable for any previously unpaid
bills etc. It is always advisable to consult a legal expert before signing any
private property sales contract and of course to obtain the nota
simple from the property registry to make sure the property has no
outstanding debts or liabilities.
The National Consumers
Institute has approved a new standard private property sales contract which has
been adapted to fit in with current laws for consumer protection. The standard
model for the property sales contract can be found on the NCI website here.
We
strongly advise that you consult a legal
expert before signing a private property sales contract
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