Lawyer Karolina Jonaitienė 15min stated that recently she has seen a lot of disputes arising from preliminary real estate purchase agreements when buying newly built housing.
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“People sign preliminary agreements while still buying housing ‘from drawings’ or during construction, without actually seeing or being able to assess the quality of the property. Usually, it is agreed that the main notarized contract will be concluded after the construction is completed or a certain completion level is reached and registered, for example, 85%,” said the lawyer.
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According to her, in such situations, a person quite reasonably expects to acquire a quality, safe home that meets their expectations for their money, and the notarized transaction will be just a formal final step. However, in practice, things often look completely different.
