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Your lake Garda property market
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Your lake Garda property market
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  4. Penitential deposit

Penitential deposit

Caparra penitenziale

The deposit with a fine entails only a small deposit (usually about 2 % to 4 % of the sales price) and only comes into use if on conclusion of the preliminary contract there are still doubts whether the purchase or the sale are really going to take place. In this case a right of withdrawal has to be included in the preliminary contract. Should you now as buyer or vendor withdraw from the contract, you will only lose your deposit or have to pay back double the amount of the deposit.

See also commitment deposit