In Spain the purchase contract is called the Contrato de Compraventa . Usually the purchase contract will be prepared by your legal adviser and must be agreed by both the buyer and the seller.
You can seek to include any clauses which you consider to be important or to safeguard your position. You should consider issues such as the results of searches, mortgage applications and any other agreements between the buyer and the seller.
A typical purchase contract will include:
- Description and address of the property
- Purchase price
- Amount of the deposit
- Form of payment
- Penalty clauses
- Any additional requested clauses
- What is included in the purchase price (e.g. furniture, etc)
- Completion date