Purchase Agreement

Real Estate Purchase Price: Installments, Escrow, Reservation, and Security Mechanisms

Print Imagine transferring millions of crowns directly to the seller’s account – and the seller refuses to sign the application for registration in the Land Register. Or paying in advance, only for the seller to change their mind at the last minute. Sadly, these are not just theoretical scenarios but real cases I’ve dealt with, […]

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Land Purchase Agreement: Area, Boundaries, and Hidden Defects

Print One of my clients once showed me a land purchase agreement where a single square meter was missing – the registered area in the Land Register didn’t match reality. The result? A price hundreds of thousands lower than expected, and years of disputes with the seller.Buying land may seem straightforward: parcel number, price, signature.

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Purchase of a Cooperative Share: What to Watch Out For (Beyond the Transfer of Apartment Rights)

Print At first glance, it seems simple: instead of a purchase agreement for an apartment, you sign a contract for the transfer of a cooperative share. But this is where the problems begin. You’re not buying an apartment – you’re buying membership rights in a cooperative. If the contract is poorly drafted, the cooperative may

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Apartment Purchase Agreement: Mandatory Requirements and HOA Pitfalls

Print Many buyers think purchasing an apartment is “just” signing a contract and filing it with the Land Register. Reality is more complex – if the contract doesn’t contain all mandatory requirements, the registry will reject it. And if you don’t watch out for the pitfalls tied to the homeowners’ association (HOA/SVJ), you may inherit

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Apartment Purchase Agreement: Complete Checklist Before Signing

Print Picture yourself standing in the living room of your dream house. You can already see the furniture, the garden, family evenings. But the reality is: you’re not the owner yet. One poorly drafted purchase agreement can cost you hundreds of thousands – sometimes even the house itself.As a lawyer, I often deal with cases

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Price Clause vs. Inflation Clause – What’s the Difference and What to Watch Out For

Print A client recently brought me a contract containing the clause: “the price will be adjusted according to inflation.” But in reality, he needed to adjust the price based on rising raw material costs. The result? A disputed contract, uncertain enforceability, and unnecessary risk.That’s why it’s crucial to know whether your contract should contain a

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Better Buyer Clause in a Purchase Agreement – What It Is and How It Works

Print Imagine you’re selling a plot of land. You sign a contract with a buyer but aren’t sure whether someone else might come with a better offer. That’s why the law allows for the better buyer clause – the option to cancel the concluded contract if a more advantageous buyer appears.It sounds tempting, but without

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Repurchase in a Purchase Agreement – What It Is and How It Works

Print You’ve sold a property but want to keep a fallback in case you decide to get it back. Or, conversely, you’re buying something where the seller may have the right to request its return. That’s exactly what repurchase (zpětná koupě) is for – an arrangement that can protect both parties, but only if drafted

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Pre-emption Right in a Purchase Agreement – What It Is and How It Works

Print Imagine owning an apartment jointly with your brother. He decides to sell his share – but before offering it to a third party, he must legally offer it to you. This is a typical example of the pre-emption right.In practice, I most often see it in co-ownership of real estate, family businesses, or company

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