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SZERZŐDÉSÍRÓ KISOKOS
SZERZŐDÉSÍRÓ KISOKOS | Exercises | Insert terms into a sales contract


Drag the words in the light green boxes to the blank spaces in the text.
This test aims to practice the terminology of real property sales contracts. Your task is to drag the words in the light green boxes to their places in the text.

START
hereinafter
subject
conditions
collectively
Concluded by and between A, as the Seller,
  referred to as the Seller, and B, as Seller, (A and B hereinafter
  referred to as Sellers) on the one hand, and C, as the Buyer, hereinafter referred to as the Buyer, on the other hand, hereinafter collectively referred to as the Parties, on the date and in the place written below and
  to the terms and
  specified below.
Property
Abstract
Topographical
Register
Sellers are exclusive owners of the Real
  registered in the Land
  of the Land Registration Office at
  No. [Number], physically located at 11, Kossuth Lajos utca, Budapest, with a total floor space of 125 m2. A copy of the authentic
  of Title in the Land Register dated as of May 13, 1999 shows the following legal facts of the property.
exclusive
purpose
hereinafter
respect
The Parties hereto enter into this Sales Contract (
  referred to as the Contract) with the
  of transferring title to the above-specified Property. Under the terms of this Contract, Seller sells and Buyer buys the Property as is, for a purchase price of 10 million HUF. With
  to the Property's classification in the Land Register, the purchase price is
  of VAT.
execution
schedule
receipt
earnest
Buyer shall pay the purchase price to Seller in accordance with the following
  : Upon the
  of this Contract, Buyer shall pay to Seller one hundred thousand euros (EUR 100,000) in cash as earnest money. By signing this Contract, Seller acknowledges
  of the amount of earnest money in full. Both Parties understand the legal consequences of
  money.
consequences
purchase
cash
money
Buyer shall pay the
  price to Seller in accordance with the following schedule: Upon the execution of this Contract, Buyer shall pay to Seller one hundred thousand euros (EUR 100,000) in
  as earnest money. By signing this Contract, Seller acknowledges receipt of the amount of earnest
  in full. Both Parties understand the legal
  of earnest money.
account
remittance
balance
execution
Buyer shall pay to Seller the
  of the purchase price, nine hundred thousand euros (EUR 900,000) within thirty (30) days of the
  of this Contract by bank
  to the following bank
  number: [Number].
increased
calculated
specified
included
By the payment of the amount
  in Section 5 above, the amount of earnest money referred to in Section 3a) will be
  in the purchase price. In the event the amount referred to in Section 5 is not paid by the agreed deadline, Buyer shall pay the purchase price
  by the legal rate referred to in the Civil Code
  to comprise the days from the due date to the payment date.
registration
reservation
ownership
consent
By signing this Contract, Seller consents to the
  of the sale transaction with
  of title. Upon the payment of the purchase price in full, Seller issues its irrevocable and unconditional
  to the registration of buyer’s title of
  to the Property as specified in Section 1. in the Land Register, parallel to deleting its title of ownership.
record
convey
assess
cancel
Seller shall
  the Property to Buyer on the day the balance of the purchase price is paid. The Parties shall
  this delivery in writing. The utility meter positions and other comments, as may be necessary, shall also be recorded. Upon any delay in delivery, the Parties agree to
  liquidated damages at a rate of 1% of the purchase price for each day in default, but not exceeding 10% of the purchase price. If the period of delay is more than 30 days, then Buyer may
  the Contract.
encumbrances
obligations
acquisition
benefits
From the date the Property has been delivered, Buyer is entitled to take full use and enjoy all
  of the Property. The Buyer shall also assume all
  arising therefrom from the moment the keys have been delivered. Seller unconditionally warrants that the Property is free of liens, claims and
  , and hereby represents that no third party has any right to the Property that may hinder or render impossible Buyers’
  and use of Property.


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