Lawyer Teaches You How to Buy a House

Author: Zhang Yongkui
Publisher:
Publish Date: 2004-04-01
Features:
Prioritize purchasing existing properties. All commitments made by developers in advertisements should be included in the "Sales Contract for Commodity Houses," otherwise, those commitments do not bind the developers. Not only should developers' commitments be included in the contract, but it should also stipulate that developers have the right to terminate the contract if they fail to fulfill their commitments.
After signing the "Option Agreement," negotiate with the developer in a timely manner to sign the "Sales Contract for Commodity Houses."
After signing the contract, obtain a copy of the contract and request the developer to affix their seal of approval.
It is better to refuse to buy than to accept unreasonable "all-or-nothing" clauses.
When receiving the house, first conduct a physical inspection of the property before signing the acceptance documents.
Sign and affix the seal only after carefully reviewing the contract content.
Review whether the content of the original and copy of the contract is consistent.
Do not sign blank contracts; all blank spaces in the contract should be filled in clearly.
After payment, obtain a receipt.
If problems are discovered upon house acceptance, refuse to accept the house.
Documents or notices submitted to the developer should be requested to be signed and received by the developer.