When signing your compromise or promise of sale, you notice that a penalty clause is included.
This clause usually provides for the payment of the sum of 10% of the sale price to your seller, if the sale does not go through, through your fault.
This clause, which is linked to the suspensive conditions provided for, must be given careful attention.
If you fail to comply with the terms of the suspensive condition (particularly in terms of deadlines, amount and rate for real estate loans), you may be considered at fault.
Do not hesitate to contact the firm to receive good advice on the application of this clause, both as a seller or as a buyer.
