The promise to purchase is a contract through wich a person undertakes to purchase an immovalbe. In return,the seller undertakes to sell the immovable once the promise to purchase has been accepted.

• Identification of the parties
  • The promise to purchase must identify the parties bound by contract with their names and complete addresses.
• Object and term of the contract
  • The promise to purchase is the purchase of an immovable. The term sets a deadline after which the promise to purchase becomes null and void.
• Description of immovable
  • It must contain a detailed description of the immovable, including:
    • address,
    • cadastral designation,
    • measurements
    • area of the lot

If the immovable is held in co-ownership, the contract must specify whether it is held in divided co-ownership or undivided co-ownership. It must also specify the number of parking and storage spaces and their numbers.

You must indicate clearly the purchase price offered. The price statement usually indicates that the payment will be made in full upon the signing of the act of sale.

The buyer may give a deposit on the purchase of the immovable. The deposit must be made to the notary and placed in a trust account and will be deducted from the balance to be paid upon the signing of the act of sale

In the case of an immovable held in co-ownership, the buyer specifies that he has examined:

• the declaration of co-ownership
• the by-laws of the immovalbe
• the reserve fund