"How does booking a property work? Rules and precautions" (with José Pinto Santos)

«The agreement to reserve a property is probably (along with the promissory contract) one of the most widely used contractual models in the real estate brokerage relationship, especially when it relates to residential properties. But what is it for? And what precautions need to be taken? Does the new simplex have any impact? We explain everything in this article with the help of legal experts.
In general terms, "reserving" a property consists of a demonstration of intention to acquire (or rent) a property, on terms acceptable to the respective owner, and includes the payment of a (reduced) amount that shows the good faith of the parties in carrying out the deal, prior to negotiating and/or signing the acquisition contract (be it the promissory contract or the definitive contract), begins by explaining José Pinto Santos, an Associate in the Real Estate Department at SRS Legal, in this article prepared for idealista/news.»