Montag, 22. Oktober 2012

Delicate clauses in the purchase contract of your real estate in Majorca

When buying a property, ever again occur situations which require special contractual formulations. Generally they are useful and some of them even indispensable. And yet they require special attention from the contract partners. One of these components of the contract is the “cláusula resolutoria”, which in the broadest sense means “cancellation clause”.The clause describes under which conditions a counterpart has the right to cancel a concluded contract unilaterally or to reverse the transaction.In practice, it looks like this: the offer of real estate in Majorca is large, but it frequently happens that there is nothing appropriate among the properties which are ready for occupation. So the seeker decides to buy from a developer a property which is not yet finished. The building permission...

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