The contract for the sale of an apartment is a document that regulates the transfer of ownership from one entity to another subject to the receipt of a certain amount of money, which is indicated in the contract.The document is certified by a notary and after that it becomes legally binding. It is drawn up in triplicate, which are kept by the buyer, seller and notary. The parties to the transaction may also declare their desire to terminate the contract for the sale of an apartment. But this can be done only under certain conditions, and we will talk about them now.

Is it possible to terminate the sales contract after registration?

The reasons for termination of the contract may be different. Perhaps the seller of the apartment turned out to be unscrupulous and hid information about debts or that other people were registered there, despite the fact that we are talking about luxury real estate Kyiv. Of course, you do not want to have anything to do with him and will think about whether it is possible to terminate the contract for the sale of an apartment. Fortunately, this option is also available after registration with a notary.

According to the Law of Ukraine, you have three years to file a claim for termination of the contract from the date of signing the document. If you are faced with a violation of the terms of the contract or fraud, then these are already quite serious grounds for going to court.

Read more:: Assignment agreement for an apartment.

In what case can a contract of sale of an apartment be terminated?

Since the registration of ownership occurs during the execution of the contract, prepare for the fact that you will have to go through several bureaucratic circles before you return to the start.

So, how to terminate the contract of sale of an apartment?

If you are facing one of these situations:

• the apartment did not belong to the owner (you found out about this later);
• he sold housing against his will (physical pressure);
• he has mental illness and you can confirm it;

The seller, in turn, may terminate the contract if the buyer has not paid the agreed amount. And to prevent this from happening, we advise you to entrust all real estate transactions trusted real estate agency in Kyiv. For example, THE Capital.

In general, the most successful outcome of events will be a scenario of mutual agreement between the two parties. The owner and buyer will "cancel" the deal by signing a "reverse contract". And no lawsuits!
But if such a desire appears only on one side, then, alas, one cannot do without court proceedings. We hope that the knowledge of what procedure for terminating the contract for the sale of an apartment exists will not be useful to you in life and you will not check it in practice.