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For Sellers For Buyers Preliminary Contract

MODEL FOR PRELIMINARY CONTRACT
for sale of real estate

Today ................................ in the town of .................................. the current contract was concluded between:
.............................................................................................................................................. Unified Civil Number ...................................., Identity Card Number .........................., issued on ...................................... by Ministry of the Interior, town ................................., called later in the contract SELLER for short and
.............................................................................................................................................. Unified Civil Number ...................................., Identity Card Number .........................., issued on ...................................... by Ministry of the Interior, town ................................., called later in the contract BUYER for short. The contract concerns the following:

Article 1 The SELLER agrees to sell to the BUYER, or to a person appointed by the BUYER, his/her following real estate: ............................................................................................. .............................................................................................................................................. ............................................................................................................................................., described in detail in ............................................................................................................ for the sum of ....................... /.................................................................................../ Euro.
Article 2 When this contract was concluded, the BUYER paid to the SELLER the sum of ......................... /...................................................................................................../ Euro as part of the price, compensating the fulfillment of the Contract for Sale of the real estate, described in detail in Article 1.
Article 3 The BUYER is obliged to pay to the SELLER the rest of the price, agreed in Article 1, equaling ..................... /........................................................................................./ Euro when the sale is certified at the notary’s office, which will be done not later than .................................................
Article 4 If the Buyer does not fulfill this obligation, the SELLER keeps the compensation sum paid in advance, and the contract is considered invalid.
Article 5 If the SELLER does not fulfill his/her part of the contract, the BUYER has the right to demand legal declaration that this contract is final, or to demand doubled paying back of the compensation sum.
Article 6 If the negotiated real estate has any debts, and the SELLER does not remove them before the sale is certified at the notary’s office, the BUYER has the right to declare the current contract invalid, and to demand doubled paying back of the compensation sum.
Article 7 The expenses related to the legal transfer of the real estate are covered by .........................................................
Article 8 The SELLER is obliged to pay all sums related to the real estate up to the moment when the sale is certified at the notary’s office.
Article 9 The SELLER is obliged to give the BUYER the full possession of the negotiated real estate not later than ....................................................
Article 10 When this contract is concluded, the SELLER declares that the negotiated real estate does not have any debts, law suits, injunctions, and there are no other preliminary contract, concluded for the sale of this real estate.

For issues not arranged in this contract, the contracting sides apply the corresponding orders of the active legislation.

The contract is formed in two identical copies, one for each of the contracting sides. The contract is operative from the date of its signing.

SELLER: .......................................                               BUYER: ........................................