Real estate glossary
Unilateral promise to sell (promesse unilatérale de vente)
Pre-contract by which the seller undertakes to sell at a set price during an option period, while the buyer remains free to buy or not. It often provides for an option fee.
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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).