Deed of sale of a home in the future state of completion (Vefa)

The deed of sale of a property in Vefa must contain:

• Description of the building or part of the building sold, i.e. the nature of the lot (apartment, house, parking, cellar, etc.), the location in the building (floor, lot number, building), the living area and any assessments from common areas
• Prices, payment terms (installment payments) and any revision rules
• Delivery time
• Proof of financial guarantee of reimbursement (GFR) or Financial Guarantee of Completion of works (GFA)
• Description of the works that the buyer has decided to make when the sale is preceded by a preliminary contract (for example: works for finishing the interior walls, cladding or installation of heating or sanitary equipment, and furniture that can accommodate them)

• Conditions for exercising the right of withdrawal
• Information on the existence, conditions of implementation and content of the legal guarantee of conformity and guarantee of hidden defects if the buyer is a consumer
• Possible late penalty
• Possible resolutive clauses and suspensive.

It is also advisable to mention in the deed the contact details of insurers and the references of insurance contractsnon-life insurance and manufacturers' ten-year liability.

All documents giving useful indications on the consistency and technical characteristics of the immovable must be annexed to the deed of sale. These include:

• Plans (level plans, sections, elevations, side plans of lots with surfaces of rooms and clearances)
• Descriptive notice (descriptive quotation of works, materials, equipment)
• Regulation of co-ownership, a descriptive statement of division and plans of the immovable if the dwelling is situated in a condominium.

The deed of sale must be signed before a notary.

It may be preceded by the signature of a reservation contract (or preliminary contract).

The deed of sale in Vefa may be established on a paper medium (handwritten signature) or a electronic medium.

Yes, the buyer benefits from a reflection period if the sale is concluded directly by authentic instrument, without reservation contract prior.

In this case, the reflection period is 10 calendar days. During this period, the final deed of sale cannot be signed.

This period begins the day after the 1st^re presentation of the letter RAR: titleContent notifier the act to the buyer or its hand delivery.

If the last day of the cooling-off period is a Saturday, a Sunday, a public holiday or unemployed, the period shall be extended until 1^er business day next.

During this period, the final deed of sale cannot be signed. Any early signature would be null and void and would engage the responsibility of the notary.

The non-compliance with mandatory particulars provided for in a deed of sale in Vefa may result in the cancelation of the sale.

Only the buyer can request this cancelation. It must act before the works are completed. It is recommended to be accompanied by a lawyer for this procedure.