Glossary entry (derived from question below)
French term or phrase:
acte de vente à terme-emption
English translation:
record of forward, call-option sale
French term
acte de vente à terme-emption
The full context is:
Mr X, qui agit en vertu de la procuration datée du XXXX, dont une copie conforme est annexée à l'acte de vente à terme-emption, inscrit sous numéro YYYY
Feb 16, 2021 10:30: Adrian MM. Created KOG entry
Proposed translations
forward sale..... or (UK) preliminary contract for a sale of land on a purchase option
acte de vente: contract of sale: conveyance; registered transfer (FHS Bridge).
Acte can also simply mean a document.
Compare to buy 'off plan' an unconstructed property.
'Deed of forward sale with pre-registration of the right to purchase': yes, OK IMO, but 1. I've never seen a forward sale outside of commodities, share option and futures and 2. would be contained in a prelim. agreement and not at the Deed stage in the UK (Purchase Deed is used for the post-option conveyancing stage of unregd. land vs. a Transfer Form used for regd. land). 3. Deed in the US routinely signifies a transfer of land.
Off-plan property is a property before a structure has been constructed upon it.
The preliminary purchase and sale agreement is the first contractual tool whereby the parties intending to sell or purchase any real estate
http://eng.proz.com/kudoz/french-to-english/real-estate/819185-vente-à-terme.html
http://www.cardis.ch/fr/conseils/l-achat-et-la-vente-d-un-bien-immobilier-droit-d-emption
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Eliza Hall
: I don't see anything "preliminary" about this. It's a binding contract to sell land on the terms set forth in the contract. And an acte isn't just any document; it's a legal instrument.
1 hr
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I deliberately didn't write 'preliminary agreement to sell', but a later-stage prelim. contract of sale that anticipates a future conveyance, plus acte can also be a mere record or memorandum e.g. of deposit.
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sell forward contract with a proviso of subscription privilege/right
What does right of preemption mean?
Also called subscription privilege or subscription right. ... Contractual right under which a party has the first opportunity to buy an asset before it is offered to a third party. Compare with right of first refusal. Also called preemptive right or right of preemption.
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AllegroTrans
: "Subscription" is the term applied to shares; this is about real estate
2 hrs
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Why be so categorical? Co-ownership of real estate is possible in Switzerland. In addtion, as said in my previous attachment, ownership of real estate has two different components in Switzerland: the building and the land.
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Discussion
https://iclg.com/practice-areas/real-estate-laws-and-regulat...
Yes, that does seem OK.
"Forward sale: a sale in which the transfer of ownership and the payment of the sale price are deferred. ... PAYMENT The buyer must pay a deposit to the notary before signing the deed of sale. The deposit generally represents 10% to 20% of the sale price.
how to buy in switzerland - John Taylor"
www.john-taylor.com › pdf › How_to_buy_CH_uk
I think that is an alternative to my previous answer, i.e. "Forward contract with pre-registration of right to purchase".
Note that, when searching the KOG, it is worth trying bits of your source term separately.
Is it helpful?