First of all – a mortgage commitment
Before signing a contract to buy a tenant-owned association, you need to make sure that your purchase can be financed. Contact one or more banks to secure a mortgage commitment and the best possible financing for your new home.
First contract – The booking agreement
The first contract is signed before construction begins and is called a booking agreement. This contract is non-binding. At the time of signing the booking agreement, you will pay a booking fee of SEK 25,000. The booking fee is part of the purchase price and is deducted from the advance payment in the next step.
Second contract – The preliminary agreement
The second contract you sign is a preliminary agreement, this agreement is binding. For this agreement to be valid, the person who has purchased the home must also be accepted as a member of the tenant-owned association. The information in the preliminary agreement is based on a cost estimate, which contains a calculation of the deposits and annual fees for the apartments based on the project’s estimated costs. At the time of signing the preliminary agreement, you will make an advance payment for your home in accordance with the payment plan for the project.
Third contract – The transfer agreement
A transfer agreement is signed once the financial plan has been registered with the Swedish Companies Registration Office and the association has subsequently received the permission to transfer the apartments with tenant-ownership rights. A transfer agreement will normally be entered into between the tenant-owned association and the buyer approximately 4–6 months before hand-over. The buyer thereby becomes a tenant-owner and a member of the tenant-owned association. In connection with the signing of the transfer agreement, you will make a partial payment in accordance to the project’s payment plan.
Have you found a home that is ready to move into?
Sometimes your dream home is all ready and waiting for you. In this case, Bonava will most likely have purchased the home from the tenant-owned association as part of our guarantee commitment. You will sign a transfer agreement with Bonava to purchase your new home. At the time of signing the agreement, you will make a down payment of 10% of the purchase price.
Peace of mind included
When buying a new home from Bonava, you will receive additional guarantees and help in case your life should take an unexpected turn. Thanks to some of the best guarantees on the market, you can rest assured all the way.
Always insure your home
Bonava always makes sure that the association’s property is insured. The property insurance includes special supplementary collective insurance. However, you should always sign up for a home insurance from the date you move in, so that you are covered against theft, fire or water damage.