Termination of Property Sale and Purchase Agreement

A lawsuit for the termination of a property sale and purchase agreement is filed when one of the parties fails to fulfill its obligations, leading to a serious violation of the agreed terms. The main reasons for terminating a transaction are:

• Inability to use the property, for example, if the buyer finds out that the property is mortgaged, encumbered with liabilities, or has ownership violations.
• Substantial defects of the property: If hidden defects are discovered after the transaction that were not disclosed by the seller.
• Non-payment of the price: If the buyer fails to pay the agreed price.
• Misleading information or fraud, such as when the seller provided false information about the property.

Steps for filing a lawsuit:

1. Consultation with a lawyer: Analyzing the contract and collected evidence.
2. Written notice for performance: A notification is sent to the other party requesting them to fulfill their obligations before proceeding to court.
3. Filing a claim.
4. Court process.
5. Registration of the decision.

If the court accepts the claim, the decision is registered in the Property Register to annul the transaction. The case requires solid evidence. The deadline for filing the claim may vary depending on the nature of the violation (e.g., hidden defects can be contested within 1 year). A lawyer’s consultation is strongly recommended. With proper preparation, you can successfully protect your rights regarding the transaction.

If you have questions, don’t hesitate to contact our team and book a consultation!