Price, deposit, withdrawal period, conditions precedent… The teams of CENTURY 21 Auteuil Immobilier and CENTURY 21 Auteuil Seine We also assist you in securing every step of your purchase in the 16th arrondissement of Paris.
What is a booking contract in VEFA?
Le contrat de réservation en VEFA, aussi appelé contrat préliminaire, est le document par lequel un promoteur immobilier réserve un logement à un futur acquéreur avant la signature de l’notarized document. It specifies, in particular, the characteristics of the property, its estimated price, the delivery time, the main conditions of the sale and the terms of the transaction.
This contract frame the commitments of both parties and allows the buyer to prepare their financing before the final signing with the notary.
When is a booking contract signed in VEFA?
The reservation contract is signed before the final sale deed, often when the real estate program is launched or in the process of being commercialized. It therefore intervenes very early in the’purchase under VEFA, before the complete construction of the housing.
What should a booking contract in VEFA contain?
Le contrat doit mentionner l’adresse du programme, la description du logement, la living space, le nombre de pièces, les prestations prévues, le prix de vente, la date prévisionnelle de livraison et les conditions for the signing of the authentic act.
How to check the price and financial terms before signing?
Before signing, check it housing prices, The additional costs, payment terms and any revision of the price must be clearly stated in the contract. This should make it possible to understand exactly what you are buying and under what financial conditions.
Is a deposit required when booking a reservation?
Yes, the developer can request one security deposit. Its amount depends on the period of time allowed before the signing of the final act. This amount is Paid to a blocked account (notary or bank) and may be returned in certain cases provided for by law.
More specifically, here is the schedule of payments to be made: (Doctrine) :
- 5 % of the price if the authentic act is intended within a period ≤ 1 year
- 2 % if the period is between 1 and 2 years
- 0 % (no deposit possible) if the period exceeds 2 years
- 35 % of the total amount upon completion of the foundations,
- 70 % of the total amount when the vessel is put out of service
- 95 % Upon completion of the building
- The balance at the key handover
Can one withdraw after signing a booking contract in VEFA?
After the signing of the contract, the buyer has a withdrawal period Ten days. This right allows the cancellation of the engagement without justification, provided that the terms and conditions for notifying the decision to the seller are respected.
What happens if the buyer does not get their mortgage loan?
If the contract contains a Suspensive condition In the case of obtaining a loan, a bank rejection usually allows the reservation to be cancelled. The buyer must provide the requested documentation to obtain the refund of the deposit.
