After completing all the documents and signing the purchase and sale agreement, the parties submit an application to the MFC to register the transfer of ownership from the seller to the buyer.
If the apartment purchase and sale agreement does not contain information that the payments between the parties have been fully executed, then if a document confirming the fact of the transfer of money under the agreement is not submitted, an encumbrance on the buyer's ownership rights may be registered in the Unified State Register of Real Estate.
Litigation
In situations where a transaction may be challenged, declared illegal, or under other circumstances requiring judicial intervention, a receipt with an agreement will play a serious role.
Receipts at different stages of the sale of an apartment
Depending on the type of transaction, funds may be phone number database transferred to the seller in stages, and a receipt for cash for the apartment must be drawn up each time a certain amount is transferred.
A normal deal
This is a transaction where settlements between the parties are made using the buyer's own funds. First, the buyer is given a receipt for prepayment (advance payment, deposit), then for the final payment.
Mortgage deal
In a mortgage transaction, you will need to provide the bank with a preliminary agreement (PDKP), which clearly describes the intentions of the parties to the purchase and sale, the cost of the apartment and the payment procedure.