The transactions process in the event of disposal is laterally reversed at least in some instances.
A sale or purchase and contract negotiations are always initiated on the basis of trust in the honesty of the parties. Both parties are initially only bound by a sense of duty since a legally enforceable obligation to transfer the property requires public registration.
Level 1: Divestment Properties
Level 2: Preparation for Sale
Level 3: Conversion
Level 4: Sales Offer
Level 5: Transaction Costs
Level 6: Pricing Instruments
Level 7: Vendor Due Diligence (VDD)
Level 8: Provisional Guarantee of the Outcome of the Negotiations
Level 9: Public Registration of the Property Purchase Contract
Level 10: Application for Entry in the Land Register
