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acte de vente à terme-emption

English translation: record of forward, call-option sale

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:acte de vente à terme-emption
English translation:record of forward, call-option sale
Entered by: Adrian MM.

12:51 Sep 24, 2019
French to English translations [PRO]
Law/Patents - Real Estate / Swiss Real Estate
French term or phrase: acte de vente à terme-emption
This appears in a "Requisition" - a Swiss real estate document. Obviously its' the "à terme-emption" part I'm unsure about. Any help would be appreciated.

The full context is:

Mr X, qui agit en vertu de la procuration datée du XXXX, dont une copie conforme est annexée à l'acte de vente à terme-emption, inscrit sous numéro YYYY
Vivien Green
United Kingdom
forward sale..... or (UK) preliminary contract for a sale of land on a purchase option
Explanation:
See the discussion entries: B.D. Finch's answer in Marco's ref.

acte de vente: contract of sale: conveyance; registered transfer (FHS Bridge).

Acte can also simply mean a document.

Compare to buy 'off plan' an unconstructed property.

'Deed of forward sale with pre-registration of the right to purchase': yes, OK IMO, but 1. I've never seen a forward sale outside of commodities, share option and futures and 2. would be contained in a prelim. agreement and not at the Deed stage in the UK (Purchase Deed is used for the post-option conveyancing stage of unregd. land vs. a Transfer Form used for regd. land). 3. Deed in the US routinely signifies a transfer of land.

Selected response from:

Adrian MM.
Austria
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 -1sell forward contract with a proviso of subscription privilege/right
Francois Boye
2forward sale..... or (UK) preliminary contract for a sale of land on a purchase option
Adrian MM.


Discussion entries: 6





  

Answers


4 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
(CH) acte de vente à terme-emption
forward sale..... or (UK) preliminary contract for a sale of land on a purchase option


Explanation:
See the discussion entries: B.D. Finch's answer in Marco's ref.

acte de vente: contract of sale: conveyance; registered transfer (FHS Bridge).

Acte can also simply mean a document.

Compare to buy 'off plan' an unconstructed property.

'Deed of forward sale with pre-registration of the right to purchase': yes, OK IMO, but 1. I've never seen a forward sale outside of commodities, share option and futures and 2. would be contained in a prelim. agreement and not at the Deed stage in the UK (Purchase Deed is used for the post-option conveyancing stage of unregd. land vs. a Transfer Form used for regd. land). 3. Deed in the US routinely signifies a transfer of land.



Example sentence(s):
  • Off-plan property is a property before a structure has been constructed upon it.
  • The preliminary purchase and sale agreement is the first contractual tool whereby the parties intending to sell or purchase any real estate

    Reference: http://eng.proz.com/kudoz/french-to-english/real-estate/8191...
    Reference: http://www.cardis.ch/fr/conseils/l-achat-et-la-vente-d-un-bi...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 77

Peer comments on this answer (and responses from the answerer)
neutral  Eliza Hall: I don't see anything "preliminary" about this. It's a binding contract to sell land on the terms set forth in the contract. And an acte isn't just any document; it's a legal instrument.
1 hr
  -> I deliberately didn't write 'preliminary agreement to sell', but a later-stage prelim. contract of sale that anticipates a future conveyance, plus acte can also be a mere record or memorandum e.g. of deposit.
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7 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
sell forward contract with a proviso of subscription privilege/right


Explanation:
https://www.telegraph.co.uk/financial-services/currency-exch...



What does right of preemption mean?

Also called subscription privilege or subscription right. ... Contractual right under which a party has the first opportunity to buy an asset before it is offered to a third party. Compare with right of first refusal. Also called preemptive right or right of preemption.




Francois Boye
United States
Local time: 10:04
Native speaker of: Native in FrenchFrench
PRO pts in category: 34

Peer comments on this answer (and responses from the answerer)
disagree  AllegroTrans: "Subscription" is the term applied to shares; this is about real estate
2 hrs
  -> Why be so categorical? Co-ownership of real estate is possible in Switzerland. In addtion, as said in my previous attachment, ownership of real estate has two different components in Switzerland: the building and the land.
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