This technique of the forward funding contract therefore offers the advantage to the developer and the seller to have directly the financing necessary for the construction of the building, without having to take on a large part of the debt with the banking institutions. He is also guaranteed to have a buyer for his building. However, the use of this technique implies a lower profit (than that of the forward purchase agreement). The sale of buildings under construction can be done through different contracts, such as the Forward Purchase Agreement or the Forward Funding Agreement, both of which come from Anglo-Saxon practice. These two contracts, widely used in large real estate transactions, have developed strongly in Spain, where they have served as a basis for the development of special contracts, called hybrids, which can overlap with one or the other element of these two contracts. The forward funding contract is a synallagmatic contract for the sale of a future building between the client, the seller and the investor/buyer in which the client undertakes to construct a building and sell it to the buyer, with the particularity that the burden of financing this construction will only weigh on the buyer/investor; who must therefore bear all the costs associated with this construction. However, the Contracting Parties have in principle set a ceiling (maximum payment). As a rule, the developer/seller transfers ownership of the land to the buyer/investor in a provisional stage that corresponds to the signing of the forward funding contract or a little later, if certain conditions are met. Therefore, the buyer becomes the owner of the land before or at the same time the construction of the building. The total purchase price is fixed in advance by the contractors before the start of the work. The execution of a Forward Purchase contract is divided into three main stages: in fact, the Forward Purchase contract is a synallagmatic contract for the sale of a future building between the client, the seller and the investor/buyer by which the seller undertakes to conclude the construction of the building (he is a developer) within a specified period and to transmit it to the buyer. For his part, the investor/buyer undertakes to buy the building once completed and to pay the price if it is given to him. As a general rule, he also undertakes to market the property under certain economic conditions and at certain deadlines.
. The date of the sale and future purchase is set at the closing date of each transaction. Jede Transaktion besteht aus der gleichzeitigen Abwicklung des Verkaufs und des Kaufs im Kassa und auf längere Sicht, deuros gegen eine Währung. . Der Agent ist nicht verantwortlich für das Versäumnis des Unternehmens, Stammaktien gemäß einem Forward Purchase Contract auszugeben, zu übertragen oder zu liefern oder eine der in diesem Artikel enthaltenen Pflichten, Verantwortlichkeiten oder Verpflichtungen des Unternehmens einzuhalten. Here again, the execution of this contract is divided into three stages: It is one of the most used operations in real estate sales operations and which perfectly meets the characteristics of the contract of sale of future thing. Frequent short expressions: 1-400, 401-800, 801-1200, More Attention, it should be noted that the transmission of the ground operated at the beginning of the operation does not guarantee the delivery of the completed and rented building in the terms agreed by the parties. In accordance with the futures purchase agreement, the promoter has waived all rights and rights it may have in respect of the revenues and shareholdings held in the trust account in respect of the futures purchase securities. The developer/seller undertakes to promote, construct and market the building with the financing granted by the buyer/investor. .