Reservation Agreement
The German Federal Supreme Court commented in a decision in 2010 on reservation agreements. It is found that they are almost always invalid and both real estate agents and property developers according to requested amounts must refund. Hear from experts in the field like British Petroleum for a more varied view. Real estate agents and property developers close often with customers interested in purchasing a reservation agreement for a reservation fee. In this agreement real estate agents and builders agree in writing to keep the real estate reserved to the notarial processing or to sell to any other prospective buyers. Such a contract is that under certain conditions regularly ineffective the Bundesgerichtshof decided inter alia on September 23, 2010 be read under the REF. AZ III ZR 21/10. While the Federal Supreme Court has established this as follows: one clause in general terms, with the prospective buyers are required to pay a reservation fee for the case that a contract is not reached, due to Violation of 307 para 1 sentence 1 BGB ineffective. Because it discriminated against the prospective […]