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Buyers right to pull out?


crossland

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I and the venders signed a Compromis on 23rd March with a succession of 18 beneficiaries. Completion date was 30June. Since then one refuses to sign the completion document and seller's notaire will not obtain a court order - section815-5 from a judge. He wants us to sign without that vital document.

What rights do I have to pull out? One vital document is missing.
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Sorry, if all signed the compromis de vente, that changes things slightly.

The compromis is a legally-binding document. You will need to examine it closely to see if any timescale was included for completion. I don't know why one of the 18 signed by proxy, unless he/she was too ill or otherwise incapable to do so themselves; normally the document is posted to absentee buyers/sellers for signature. There is no legal requirement to be present, unlike the final Acte.

Anyway, the 18th seller is legally in default. If he/she is refusing to let the sale complete then you would be entitled to compensation from the sellers.

 

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