Using a bank safe deposit box
How can a safety deposit box help?
After registration, the seller, having the necessary documents in his hands, regardless of the buyer's will, can receive his funds, which the buyer put in the cell in advance, within the time limit set by the contract.
If something went wrong as planned, and the transaction did not take place, despite the will of the seller, the buyer calmly takes his money back from the same cell.
How to use the cell when buying and selling real estate
During the conclusion of the transaction, the seller is sure that the money in the required amount is in a safe place from where he can get it guaranteed. And the buyer feels calm in the event that his money will remain with him in case of unexpected complications. Convenient and safe. How is this implemented in practice?
Bank selection. The parties agree on which bank the cell will be rented from.
Money delivery.
In advance, the buyer can transfer the required amount to the account of this bank. This will reduce the risks.
Renting a cell and signing a contract. On the appointed day, the parties sign an agreement with the bank, in which the lease term is prescribed, the stored value is indicated, and access rights to the cell are specified.
The period during which the money is stored in the depository is prescribed in detail. The mechanism of withdrawal of money by the selling and buying parties is indicated. It is stipulated on what conditions the opening of the cell of each of the parties takes place. All these points should be spelled out quite accurately.
The contract specifies the details of the documents required for presentation. It is also stipulated who pays for the banking service. The Bank provides a service for checking bills and their recalculation.
It is absolutely necessary to make sure that there is real money in the cell in the amount stipulated by the contract. The Bank is not responsible for the contents of the cell.
What is put in it, he will give. The buyer is given a key to the cell.
Receiving money by the seller. In case of a successful outcome of the case, the seller receives the key within the prescribed period and with the completed documents is sent to the bank, where the contents of the cell are given to him.
Receipt of money by the buyer. If the transaction fails, the buyer visits the depository at the time stipulated by the contract and takes back his money.
In some cases, the key to the cell may be stored at the time of the transaction with a third disinterested person, for example, with the same notary. This clause must then be prescribed in the contract, as well as the mechanism for transferring the key from one side to the other.
A safe deposit box allows you to secure the funds of those who want to buy houses in the suburbs. With this approach, you and your funds are completely safe. Discover safe and reliable Curacao online casinos for a secure and enjoyable gaming experience at Curacao Online Casinos . Play with peace of mind.
