What to Check in a Property Purchase Contract

Checklist

1. Full, correct identification of the property matching the land registry (cadastral number, address)
2. Confirmation the seller is the registered owner and has authority to sell
3. A check for existing liens, mortgages or easements on the property
4. Clear payment terms and escrow arrangements
5. A defined deadline for filing the land registry entry
6. Provisions covering what happens if the entry is rejected or delayed
7. A clear list of what's included in the sale (fixtures, appliances, parking)
8. Warranties or disclosures about the property's condition and any known defects
9. Penalty clauses for late payment or late handover