The section that Allottees must follow carefully is the section that provides information on costs, such as the basic price of the property, the additional fees, including preferential affiliation or club membership fees, and taxes collected by the government. Here, some hidden costs associated with a price change due to changes in plans or amenities could be hidden. You should also check the terms and conditions regarding the serious money and the amount that must be withheld by the developer if you cancel the purchase. You should also scan the sales contract for the carpet area as well as the date of completion and possession of the house. Make sure there is not much delay between the two. The agreement should include compensation or alternative in the event of a developer`s on-time delivery, as well as a penalty clause that protects you from delays. We must now define the terms of this agreement that allow the buyer to purchase the property defined from the seller. Be sure that a precise record of this document, the date of validity, the identity of the buyer and seller, and the description of the property have been provided. If so, you will find the fourth article (with the words « IV. Earnest Money »). Use the first empty space displayed here to record the amount of the dollar that the buyer must submit to the seller to conclude this agreement.
The second empty space in this section requires the last calendar date at which the buyer can send the earnest money to the seller before breaking this clause. Report the month and calendar day in double digits in the empty space as » … With a view to taking into account by » the double-digit calendar year on the empty field after « 20 ». This report should be continued by recording the time of day, this payment must be deposited on the next two spaces and mark the box « AM » or « PM » to provide the corresponding suffix for that period. In some countries, the money of earnest necessary for the conclusion of this agreement must be placed in a trust or trust.