KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER ECUADOREAN LAW -
Real Estate acquisitions typically involve several key stages, ultimately leading to the transfer of ownership. The most common phases include: 1) Initial Payment or Reservation Deposit; 2) Promise of Sale and Purchase Agreement (PSPA); and 3) Sale and Purchase Agreement (SPA). These legal instruments are designed to facilitate the execution of the sale contract and to ensure the property is not subject to negotiations with third parties.
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