Concluding a real estate transaction that belongs to the class of new buildings, as a rule, the borrower signs an agreement with the right to assign. Since the new buildings market is different from the finished housing market, in legal terms, the lender on the market is a person who signed a contract with the developer for housing in a house under construction, as well as a financed deal. In this case, the document may be a joint investment agreement or to participate in shared construction.
As in the case of buying Vell House, Leninsky Prospekt to choose or other city district, first you need to make sure the legal cleanliness of the proposed housing. You should also choose a good developer, necessarily reliable and offering favorable conditions. In addition to making these decisions, it is useful to understand the features of the conclusion of investment transactions with real estate, which has not yet been built, and, accordingly, the one who bought a new building cannot be considered a co -owner of real estate.
Therefore, if you wish, to buy an apartment on Leninsky Prospekt in a house under construction or new building in another area – this means not to become the owner of real estate, but to become the owner of only the rights to real estate, which will be elevated within the terms specified in the contract. If the buyer wants to sell a new building, then he sells the rights of the creditor to the developer who builds housing. The agreement on the assignment of rights is based on this.
Documents regarding housing under construction
In relation to new buildings, they often conclude a preliminary agreement, or a document on the intentions of the sale of real estate. Accordingly, in registration organizations it is not taken into account. Under this contract, the parties agree that in the future they will conclude a transaction on the terms and grounds that are noted in the preliminary contract.
So, if, upon the expiration of the period established in the preliminary contract, any side shuts off the fulfillment of obligations, then the other party may apply to the court. The main advantage of concluding a preliminary contract is that the cost of the object set in it will remain after time.
Thus, contractual relations with new buildings have some features noted in the preparation and signing of a contract with the right to assign, preliminary, as well as joint investment. The last type of contract is used in the case when the buyer of the apartment is a co -investor and, as a result, has all the risks (both legal and financial) on himself.