The promissory sale and purchase agreement of immovables properties in Romania, it is an agreement concluded in legalized form by means of which the owner of immovables in Romania undertakes to sell the property to the buyer in the future on an agreed date. The essential characteristics of the synalagmatic agreements are the reciprocity and interdependence of the obligations on the parties, and thus the termination of the promissory sale and purchase agreement in Romania is the sanction for the faulty non-performance of the agreement, resulting in the annulment of the agreement of properties in Romania with retroactive effect. The Romanian Law Firm Pavel, Mărgărit and Associates recommends contacting a lawyer specialized in real estate, construction and dispute resolution in Romania, who can assist you in reviewing the promissory sale and purchase agreement of a property in Romania to ensure the protection of your rights and to eliminate the abusive clauses, as well as to terminate the promissory sale and purchase agreement of a property in Romania due to non-performance of contractual obligations.
In order to proceed with the termination of the promissory sale and purchase agreement of a property in Romania, the parties shall prove the fulfillment of cumulative conditions, namely the existence of a non-performance, even partial, but sufficiently significant of the obligation assumed by the other party to the synallagmatic contract, the non-performance of the obligation must be attributable to the debtor, the debtor must have been put in default, and the non-performance shall not be the result of the party requesting the termination of the promissory sale and purchase agreement of a property in Romania. A lawyer specialized in real estate, construction and dispute resolution in Romania can provide legal assistance in order to make use of the creditor’s right for contractual remedy in order to obtain the annulment of the agreement of properties in Romania.
Furthermore, in terms of the essential effects of the court decision pronouncing the termination of the promissory sale and purchase agreement of a property in Romania, it is important to note that the parties shall be re-established to their pre-contractual position and obliged to mutually reimburse all obligations carried out as per the promissory sale and purchase agreement in Romania. Therefore The Romanian Law Firm Pavel, Mărgărit and Associates provides specialized legal assistance in obtaining a favorable solution in such cases in Romania, having extensive experience in real estate, construction and civil law in Romania, providing legal advice and solutions in accordance with the applicable Romanian legislation.
The Romanian law firm’s clients are foreign and top local companies and high worth individuals. In 2023, the success stories of the Romanian Law Firm have brought recognition from the most prestigious international guides and publications. The firm was ranked third place in Romania by the Legal 500 publication. The Romanian law firm is also recognized by IFLR 1000 Financial and Corporate Guide 2023. Pavel, Margarit & Associates Romanian Law Firm is also the only law firm in Romania recommended by the Global Law Experts Director in London in the Dispute Resolution area of Practice. All the relevant information regarding Pavel, Margarit & Associates Romanian Law Firm can be found on the website www.avocatpavel.com
A promissory sale and purchase agreement in Romania is a legally binding agreement where the owner of immovable properties commits to selling the property to the buyer at a future agreed-upon date.
A specialized lawyer can assist in reviewing promissory sale and purchase agreements in Romania to protect your rights. They ensure that your agreement is free from abusive clauses and provide guidance on terminating the agreement due to non-performance of contractual obligations.
To terminate such an agreement, certain conditions must be fulfilled, including demonstrating non-performance of obligations by the other party, attributing the non-performance to the debtor, putting the debtor in default, and ensuring the termination is not due to the party requesting it. A specialized lawyer can provide legal assistance in utilizing contractual remedies to seek the annulment of the agreement.