Substantial Cash Deposit

For the purposes of Article 126a(2), point (a), of the CRR, the cash deposit made for a legally binding pre-sale contract should be considered as substantial where the following ratio is equal to or higher than 10%:

Where:

• - CD: is the cash deposit paid by the purchaser which is subject to forfeiture if the pre-sale contract is terminated;
• - SP: is the sale price as indicated in the pre-sale contract.

For the purposes of Article 126a(2), point (a), of the CRR, the cash deposit made for a legally binding pre-lease contract should be considered as substantial where the following ratio is equal to or higher than 300%:

Where:

• - CD: is the cash deposit paid by the tenant which is subject to forfeiture if the pre-lease contract is terminated;
• - MR: is the monthly rent as indicated in the pre-lease contract.