COMPROMISO DE COMPRAVENTA Y ENTREGA DE ARRAS

 Ambas partes en nombre e interÈs propio, reconociÈndose capacidad legal suficiente para este acto,

Both parties are acting in their own name and interest, having sufficient legal capacity for this act,

SEGUNDO: Que interesando a Don __________ la compra de la citada finca, pero posponiÈndose la formalizaciÛn y perfecciÛn de la compraventa al cumplimiento del pago que se dir·, estipulan el presente COMPROMISO DE ARRAS, a tenor de la prevenido en el artÌculo 1.454 del CÛdigo Civil, con sujeciÛn a los siguientes,

SECOND: That Mr. __________ is interested in purchasing the aforementioned property, but before the purchase is finally completed, a down payment will be made as stipulated in this DOWN PAYMENT AGREEMENT, in accordance with article 1.454 of the Spanish Civil Code, subject to the following,

FIRST: The two parties agree to make the formal DOWN PAYMENT agreement concerning the property mentioned in the previous section I of this contract, in accordance with which Mr. __________ undertakes to the sell the property for the AGREED PRICE of __________ to Mr.____, who undertakes to purchase it.

TERCERO: El presente compromiso de compraventa se establece de acuerdo con las siguientes estipulaciones:

THIRD: This property sale will be carried out in accordance with the following conditions:

1.-ÝÝÝÝÝÝÝ Si Don __________quiere que quede formalizada y perfeccionada la compraventa, deber· hacer pago de __________ (__________ ) al otorgar escritura, antes de que finalice el mes de __________ de__________, como m·ximo para dar tiempo suficiente al vendedor para que realice la mudanza.

1.- ÝÝÝ If Mr. __________ wishes to complete the sale, he must pay __________ (__________ ) when the title deeds are signed, before the end of the month of __________ __________, at the very latest so that the seller has enough time to complete the move.

2.-ÝÝÝÝÝÝÝ Si llegada la citada fecha no hiciera Don __________el segundo pago (o sea,__________ PESETAS) OÝ manifestara su voluntad de renunciar a la compra, el presente compromiso quedarÌa sin efecto de clase alguna y, por lo tanto, rescindido sin m·s, perdiendo la cantidad entregada en concepto de arras.

2.-     If the said time period expires without Mr. __________ having made the second payment (that is to say,______ PESETAS) or declaring his wish to forego the purchase, this agreement will be rendered null and void and, therefore, terminated, forfeiting the quantity of money handed over as the down payment.

3.-ÝÝÝÝÝÝÝ Por el contrario, si el presente contrato de arras queda convalidado y se perfecciona la compraventa, Èsta se regir· por los siguientes condicionados:

3.-ÝÝÝÝÝÝÝ On the other hand, if this down payment agreement is accepted and the purchase is completed, it will be subject to the following conditions:

I. Objeto. El objeto de las arras ser· en su momento la compraventa del inmueble descrito en el antecedente previo.

I. Object. The object of the down payment at the moment of sale will be the aforementioned property .

II. Precio. Es precio de la compraventa la total suma de __________ pesetas, pagaderas de la siguiente forma:

II. Price. The total purchase price of the property is __________ pesetas, payable in the following way:

a) En cuanto al depÛsito o arras por importe de __________Ý pesetas, recibidos en este acto, se aplicar· a dicho concepto (pago del precio).

a) A down payment of __________Ý pesetas, received at this act, will be applied for this effect (payment of price).

b) The outstanding purchase price shall be paid on completion at the notary¥s office and therefore payment shall be effected before the notary public when granting the corresponding Title Deed.

III. Cargas y Pagos. __________ se transmitir· libre de cargas y grav·menes, asumiendo la vendedora la cancelaciÛn de cualesquiera que pudiera existir en el Registro de la Propiedad a su costa.

III. Charges and Payment. __________ will be sold free of charges and encumbrances, and it is the responsibility of the seller to settle any pending charges which may exist in the Property Register

Asimismo se transmitir· el inmueble libre de gastos y pagos de contribuciones, arbitrios, etcÈtera, hasta el dÌa de la firma del presente. El comprador asumir· el pago de cuantos gastos se deriven del mismo a partir de dicha fecha.

Similarly, the property will be sold free of expenses and taxes, local taxes, etcetera, until the signing of this contract. The buyer will then be responsible for the payment of any costs which arise after this date.

IV. Escritura Notarial. La escritura notarial se otorgar· en el momento en que el precio haya sido totalmente satisfecho y ante el notario que designar· el vendedor o comprador ambos de mutuo acuerdo.

IV. Notarial Deed. The notarial deed will be drawn up and signed when the full price has been paid and in the presence of the notary who will designate the seller or the buyer by mutual agreement.

V. Gastos de TransmisiÛn. Todos los gastos de transmisiÛn, asÌ como los del presente contrato de arras, son a cargo del comprador, quien asume igualmente el pago de plusvalÌa que se devengare como consecuencia de la transmisiÛn, como es costumbre en el lugar de otorgamiento del presente contrato.

V. Property Transfer Costs. All the property transfer costs, as well as the costs of this down payment agreement, will be paid by the buyer, who will also be responsible for the "Plusvalia" local tax resulting from the transfer, as is the customary procedure in this type of contract.

VI. CalificaciÛn UrbanÌstica. El comprador no conoce la calificaciÛn urbanÌstica, no obstante solicitar· el correspondiente certificado al Ayuntamiento del lugar del emplazamiento de la finca objeto de este contrato. Siendo condiciÛn resolutoria expresa de este contrato cualquier problema deÝ Ìndole urbanÌstica. En cuanto al estado fÌsico actual del inmueble el comprador lo acepta.

VI. Urban Development Rating The buyer does not know the urban development rating, however the relevant certificate will be applied for at the council office corresponding to the location of the property mentioned in this contract. The buyer will not be responsible for any problem which could arise from this aspect which will be considered as a resolution clause of this contract. The buyer accepts the current physical state of the property.

VII: Saneamiento. El vendedor responde de saneamiento y evicciÛn con arreglo a derecho y transmite la finca libre de cargas y ocupantes

VII: Compensation. The seller is responsible for compensation and eviction in accordance with any legal requisites and transfers the property without charges and occupants.Ý

Si el vendedor desistiera de la venta vendr· obligado a devolver duplicadas las arras recibidas conforme al artÌculo 1.454 del CÛdigo Civil.

Should the seller refuses to go through with the sale, he will be obliged to pay twice the amount of the down payment received in accordance with article 1.454 of the Spanish Civil Code.

CUARTO. Habida cuenta la naturaleza de este contrato, no se da la posesiÛn de la finca vendida, la cual se dar· en el momento de perfeccionarse la compraventa y por lo tanto de completarse el precio de la misma y otorgarse la escritura notarial de compraventa.

FOURTH. In view of the nature of this contract, possession (keys) of the sold property will not be given until the purchase is completed, with the full price having been paid, and the notarial deed having been drawn up and signed.