contract and legal matters

A general draft, not including specific individual details of the property and the buyer, will be sent to you by your property consultant on request. This draft will contain the essential terms and conditions of the building, the delivery and payment dates, etc. Once the property is selected and buyer information is provided, the lawyer’s office will prepare a detailed draft containing all relevant information, which will be sent directly to you.

Szabó Kocsis Law Office facilitates the preparation of purchase contracts, condominium registration, and comprehensive land registry services. Metrodom covers their fees for services including the preliminary and final contracts and the land registry process. However, if you later request a contract amendment due to a change in details, bank, or other factors, the law firm will bill you directly for that work. Alternatively, you may engage your own lawyer to draft the contract and represent you, with any associated legal fees being your responsibility.

In short, our contracts are highly detailed, typically ranging from 8 to 16 pages depending on the building's stage of completion. Unlike many other contracts, we do not rely on general terms and conditions or fine print; all pertinent details and circumstances related to the purchase are included. The contract covers the purchase price, payment schedule, completion and delivery dates, various deadlines, technical specifications, and other essential background information. Every apartment purchase contract includes a floor plan, technical description, and, if the building is completed, an energy performance certificate. (For buildings under construction, the guaranteed energy rating is noted in the technical description.) For further information on the contract’s content, key details, and legal background, please consult the client guide, available from your property consultant or for download on our website.

Yes, purchasing is still possible even if you are unable to travel to Hungary. You may appoint a representative to view and select the property on your behalf, and we offer various contract options, including a remote signing option. Details of the distance contract can be provided by your property consultant. Alternatively, you may authorize a family member or friend residing in Hungary to sign the contract on your behalf through any Hungarian embassy or consulate. If logistical challenges arise, a family member can sign the preliminary contract as a proxy, with you designated as the buyer in the final contract. Please note, however, that you would need to be present in Hungary to sign the final agreement.

If you notice any discrepancies or typos in your personal data, please report them promptly. Should you disagree with a provision or notice an omission in the contract, your lawyer or property consultant can provide guidance based on the issue. Our contracts are structured to accommodate the needs, capabilities, and circumstances of our buyers wherever possible, though within specific limits. Most of the contract outlines existing physical and legal conditions, including many requirements from the bank financing the project, which cannot be altered even that would be a condition of your purchase.

Once construction begins, a preliminary contract is established, containing all essential details of the sale, including key property specifications, purchase price, deadlines, and handover date. These terms, including our commitments and pricing, remain unchanged; the final contract will reflect the preliminary agreement in all substantive aspects. As the transfer date approaches, the final sales contract—commonly referred to as the contract by legal professionals—will be prepared. This final agreement will include additional details such as the bank loan used for the purchase, the amount of any government assistance, and the name of the lending institution. Many specifics are unknown at the time of the preliminary contract and may change over time, so it is more efficient to incorporate these elements only into the final sales contract in one go.

The contract signing will take place at our head office at Teve u. 33-41./C. Please refrain from visiting the construction site, condominium, or the on-site sales office. If you plan to arrive by car, kindly inform your property consultant in advance so we can arrange parking. For clients with disabilities or in special circumstances, remote contract signing is also an option; your property consultant can provide details on conditions and requirements. All buyers must be present in person at the signing, along with any required legal guardian for minor buyers or a beneficiary in cases of holders of usufructuary rights. It is essential that all parties bring the necessary identification and documentation, typically an ID card or passport, address card, and tax card. For business purchases, foreign residents, or non-citizen buyers, additional documents may be required—please consult your lawyer or property consultant in advance. Your property consultant will be available for personal support throughout the process, in addition to your legal counsel.

A deposit of 10% of the purchase price must be paid no later than immediately after signing the preliminary contract. This deposit requirement is stipulated by our agreement with the financing bank and is non-negotiable. The deposit can be paid via bank transfer to the account number specified in the contract, or in person at a bank branch. Please note that cash payments cannot be accepted at the time of signing or at any other time, and credit card payments are not accepted in our office. It is essential to understand that this deposit is a prerequisite for the contract to be finalized and valid. Should the deposit not be paid following contract signing, the agreement will be considered incomplete, the reservation will be canceled, and the apartment will be made available to other prospective buyers.

The deposit serves as an essential guarantee that both the seller and buyer will fulfill their contractual obligations. Should we be unable to perform as agreed and you elect to withdraw from the contract, we will refund you double the deposit, along with any portion of the purchase price already paid under other legal provisions, if applicable. Conversely, if you are unable to complete the purchase or fail to take possession of the property, resulting in our withdrawal, you will receive any portion of the purchase price paid under other provisions but will forfeit the deposit. Naturally, contract termination may also arise due to circumstances unrelated to a breach by either party. In such cases, the general rule is that the deposit, along with any other paid amounts, will be refunded. However, if termination requires mutual agreement, specific terms may vary depending on the circumstances.

If you need to make changes to your preliminary or final contract (typically at the bank's request when purchasing with a loan), please reach out to our customer management team. They will discuss your modification needs and options with you and coordinate with the law firm to implement the changes. Please note that any amendments require mutual agreement with Metrodom, and we cannot modify terms that would conflict with our agreement with the project’s financing bank.

Unforeseen changes may arise that prevent a buyer from completing the purchase of their chosen property, even after the contract has been signed. Should this occur, please inform our customer management team promptly; they will guide you through the available options. However, please be aware that the deposit rules are in place for specific reasons. If you unilaterally withdraw from the contract for reasons outside its terms, or if there is a delay in taking possession of the property or in making payments, the deposit may be forfeited.

Once the (pre)contract is signed, either because you planned it or because you changed your mind, you can sell your home. The easiest and clearest way to do this is to register your ownership after the condominium has been established. If you want to find a buyer before then, we don't want to prevent or prohibit you from doing so. However, you should be aware that you cannot count on our active cooperation and assistance. We will not be able to ensure that you will be shown the apartment you have not taken possession of, and if you find a buyer, you will have to sign a contract with her/him in your own name. Your sales contract with Metrodom will not be terminated or modified, and your buyer will not replace you in your sales contract with us.

Your ownership will be registered by the land registry on the title deed of the property, but this is subject to a number of conditions. First, the government office must issue the building’s final occupancy permit, which is necessary for move-in, among other requirements. Once this has been done, the registration of the condominium and the opening of the separate sub-entries and title deeds for each piece of property are initiated. At the same time, you must pay for the property in full. Once the final payment has been received, we will submit a declaration of consent to the land registry to register your ownership, which will register your ownership of the property. This can take several months, but they will eventually send their decision to the lawyer's office, which will notify you by registered letter.