The Immo has given us an Offe document but there is a term clause I am querying…
“The parties, both buyer (s) and seller (s), expressly acknowledge that if the pre-contract is not settled within the aforementioned period, in particular due to the faulty default of one or other of the parties, or if the seller refuses to regularize in the event of a purchase proposal at the agreed net selling price, the Agency will be entitled to claim from the defaulting party a lump-sum compensation equal to the remuneration provided for in this purchase proposal. , considering that the Agency will have been aggrieved of its legitimate right to remuneration despite its due diligence which allowed an agreement on the thing and on the price and this in application of article 1231-5 of the civil code.”
My question: is this a standard clause? Clearly I had no input to the seller negotiating fees with the immo.
I really think you should get the advice of a Notaire before signing Darren. Something may have got lost in translation but looking at that it suggests, if you signed it, that you’d be giving up your right to the cooling off period and any clause suspensive you may need including! A good Notaire will help sort it out for you.
Les parties, tant acheteur(s) que vendeur(s), reconnaissent expressément que si l’avant contrat n’est pas régularisé dans le délai précité notamment du fait de la défaillance fautive de l’une ou de l’autre des parties, ou si le vendeur refuse de régulariser en cas de proposition d’achat au prix net vendeur convenu, l’Agence sera en droit de réclamer, à la partie défaillante, une indemnité compensatrice forfaitaire égale à la rémunération prévue à la présente proposition d’achat, compte tenu que l’Agence aura été lésée de son droit légitime à rémunération en dépit de ses diligences ayant permis un accord sur la chose et sur le prix et ce en application de l’article 1231-5 du code civil.
It means if one or other party doesn’t go along with the contract once it has been agreed, for a spurious reason, then whoever it is who is responsible for the deal not going through will pay the agent their fee anyway.
I am no great lover of immos but I don’t see anything too unusual in stating that if one party signs a contract and then defaults without just cause, they will be responsible for the consequential costs.
But as Véro says, why are you not asking the notaire about this?
I think the keyword is défaillance fautive .
If nobody breaks their agreement then this situation won’t arise.
It appears to me that all they’re doing is protecting themselves against timewasters, as provided for by French law (et ce en application de l’article 1231-5 du code civil).
They’re not going to get paid twice for the same transaction.