Form of purchase and sale contracts for the sale of discounted apartments were confirmed.29/11/2017

By the decree No.1113 of the President of the country dated 16.11.2016 approved in accordance to section 7 of the Rule, exemplary forms of purchase and sale contracts for the sale of discounted apartments are determined by the State Agency for Housing Construction under the President of the Republic of Azerbaijan and "Azerbaijan Mortgage Fund" OJSC.

In order to ensure execution of this decree, the exemplary forms have been made: the "Sale and Purchase Agreement" by the State Agency for Housing Construction and the "Contract of sale and mortgage for a discounted apartment " by the Azerbaijan Mortgage Fund, and are approved by the parties involved in the process of the sale of apartments.

Citizens who signed a "contract of sale and mortgage for a discounted apartment" on behalf of authorized banks cooperating with the limited liability company "MIDA" on the basis of a preliminary certificate of registration of an apartment (certificate of state registration of property for early registration of property) will be able to use discounted mortgage loans.

Notary offices' use of the "Sale and Purchase Agreement" and the "Sale and Purchase of the Concessionary Housing" will prevent additional time loss in the sale of flats, will ensure the convenience of buyers, and will easily facilitate the approval of these contracts.

State Housing Development Agency of the Republic of Azerbaijan

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