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Real estate glossary

Purchase deposit (dépôt de garantie)

Sum paid by the buyer when signing the pre-contract and held by a third party (notary or authorised estate agent) until completion. It counts towards the price or is returned under the contract terms.

Also known as: Escrow deposit
Category: Buying and selling
Updated:

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General definition provided for information only. The rules that apply depend on your situation, the country and the law in force: check them with a professional (notary, lawyer, estate agent).

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