Special Settlement Mechanisms for the Execution of the Purchase and Sale of Residential Premises

Authors

  • I. V. Popova Северо-Западный институт управления Российской академии народного хозяйства и государственной службы при Президенте Российской Федерации Author

Keywords:

sale and purchase agreement; residential property; residential property sale and purchase transaction; settlement mechanisms; safe deposit box; letter of credit; escrow account; secure settlement service; notary’s deposit; cash settlement, sale and purchase agreement, residential property, residential property sale and purchase transaction, settlement mechanisms, safe deposit box, letter of credit, escrow account, secure settlement service, notary’s deposit, cash settlement

Abstract

The relevance of the subject of the article consists in the fact that currently in Russia, in order to increase the transparency of transactions in the market of sale and purchase of residential premises and to reduce the risks of unfair transactions, special settlement mechanisms are used in the execution of sale and purchase of residential premises. The article considers some possible options of payment for real estate depending on the situation and in terms of their advantages and disadvantages. Possible risks of application and ways of their minimization are presented for each mechanism. A comparison of some settlement mechanisms is made to show their differences and specifics of application.

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Published

2024-01-15

Issue

Vol. 10 No. velty (2024)

Section

Статьи

How to Cite

Popova I.V. Special Settlement Mechanisms for the Execution of the Purchase and Sale of Residential Premises // Novelty. Experiment. Traditions. 2024. Vol. 10, no. velty. P. 61–67.