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Purchase contract off plan

Should I always sign the standard-form draft documentation from the developer ? No, you can negotiate some amendments but it is customary for the seller to refuse to negotiate on the basis that a seller of multiples properties on a building estate must have uniformity and standardization of legal documents.

What references must include the contract ?

  • The buyer will not support the expenses derived from the title that correspond legally to the developer or builder
  • The parties will be able to urge in order to convert the contract into a deed
  • The right to choice notary who corresponds to the buyer, with reasonable territorial connection.
  • In case the property, the common zones or the accessories elements are not totally built-up, it is necessary to to certify with all clarity the delivery date and the phase in which one is the building.
  • If it is a first transmission must be indicated in addition the name and domicile of the architect and the name or trade name and domicile of the builder.

Check that he has obtained a Certificado de Fin de Obra, and a Licencia de Primer Ocupación (Licence of First Occupation). If the building is not yet completed, make sure that the contract includes a warranty from the developer that he will obtain and pay for these certificates, and provides penalties if these are delivered late.