A suspensive condition is a clause that conditions an act, mainly a sale in the real estate sector.
A suspensive condition is a clause that conditions an act, mainly a sale in the real estate sector. In other words, it is imperative that the condition be fulfilled so that the event in question can take place.
For example, a sale may be conditional on the buyer obtaining a loan. In this case, the sale can take place if the loan is obtained. If not, the sale will be cancelled. This suspensive condition can be indicated in a reservation contract.
A suspensive condition can then be a protection for both the seller and the buyer in case something unexpected happens.
We have asked our brokers to share their expertise with you; visit our blog where you will find everything you are looking for!
Check out our latest blog posts
Appraise your property online in 2 minutes.
Free of charge, no strings attached.
Wondering how much you can afford to spend on your dream property? Give a try to our easy calculator.
Benefit from a 15-minute consultation with one of our experts.
Benefit from a 15-minute consultation with one of our experts.