Real Estate Sale and Promise-to-Sell Agreements

Real estate sale and promise-to-sell agreements cover matters arising from contractual obligations aimed at transferring the ownership of real estate. The drafting of sale and promise-to-sell agreements, their formal requirements and annotation in the land register, and the examination of the title, zoning and annotation records of the real estate before the sale are the subjects of this field at the contractual stage.

Actions for annulment of title and registration based on a promise-to-sell agreement, claims for registration and compensation where the seller fails to perform, liability for defects in the real estate sold and under the warranty against eviction (zapt), disputes over earnest money and contractual penalties, and claims arising from pre-paid housing sales also fall within this field. Restrictions on the acquisition of real estate by foreign nationals and foreign-capital companies, permits relating to military prohibited and security zones, and matters concerning citizenship applications through the acquisition of real estate are likewise included.