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An amount paid in advance by the purchaser to the seller or to the acting notary, at the signing of the offer to purchase (promise to purchase) or before the signing of the deed of sale, which shall be deducted from the sale’s price.
11/05/2024
We find ourselves in a financially challenging situation and seek guidance. Two years ago, we made a 15% deposit for the purchase of an off-plan condo, which was scheduled for delivery this year. According to the terms of the contract, if we fail to meet our obligations, we will not…...
01/06/2021
Le mercredi 19 mai 2021, la Webradio de Condolegal.com était entièrement dédiée à un sujet complexe pour tout syndicat de copropriétaires: l'achat et la vente d'un condo. L'article 1068.1 du Code civil du Québec, issu du Projet de loi 16, obligera une plus grande transparence lors d'une transaction en copropriété.…...
13/12/2010
At the time of concluding the offer to purchase, it is customary for the promising buyer to pay a deposit or security deposit of a variable amount. The amount thus paid will be deducted from the amount to be paid if the sale is concluded and will be remitted to…...