What means Deposit?

"Preliminary" sales contracts usually contain the following provision: The buyer must pay a deposit, which is the security deposit. This is deposited with the notary and managed by him until the transfer/" title="deed of transfer">deed of transfer is signed. This amount usually corresponds to the fine that must be paid if the buyer does not fulfill his obligations and the seller requests that the contract be dissolved. In addition to the deposit, a written bank guarantee can also be issued to the notary.