schwimbi
2019-02-08 18:02:36
- #1
Hello everyone,
I have been reading here quietly for some time and now have a question:
After a long wait, I have received the draft purchase contract for a building plot.
One passage strikes me very negatively.
(7) The purchaser undertakes to initially occupy the future residential building on the contractual object as their main residence for at least five years after completion. The decisive date is the date of re-registration at the residents' registration office.
In the event of a breach of the obligation to use the property personally, the municipality xxx may demand a contractual penalty from the purchaser amounting to 20% of the current total purchase price, thus €11,666.00.
To secure this claim, the purchaser consents to the registration of a book mortgage in the first priority of section III of the land register in the amount of the aforementioned sum for the municipality xxx, at the expense of the contractual object; this will be applied for upon execution of the transfer of ownership. The notary pointed out that the entry of the mortgage may reduce the lending value of the property.
Isn't it a bit excessive to want to go into first priority for a pathetic €11k?
What do you think? I will try to have the section III clause removed.
Best regards
I have been reading here quietly for some time and now have a question:
After a long wait, I have received the draft purchase contract for a building plot.
One passage strikes me very negatively.
(7) The purchaser undertakes to initially occupy the future residential building on the contractual object as their main residence for at least five years after completion. The decisive date is the date of re-registration at the residents' registration office.
In the event of a breach of the obligation to use the property personally, the municipality xxx may demand a contractual penalty from the purchaser amounting to 20% of the current total purchase price, thus €11,666.00.
To secure this claim, the purchaser consents to the registration of a book mortgage in the first priority of section III of the land register in the amount of the aforementioned sum for the municipality xxx, at the expense of the contractual object; this will be applied for upon execution of the transfer of ownership. The notary pointed out that the entry of the mortgage may reduce the lending value of the property.
Isn't it a bit excessive to want to go into first priority for a pathetic €11k?
What do you think? I will try to have the section III clause removed.
Best regards