1. Deposit is a preventive measure to prevent the buyer and the seller from changing it without authorization after the price terms are agreed, and the defaulting party needs to pay the deposit. Down payment means paying the house price according to the payment terms of buying a house.
2. When the contract is formally signed in the future, the down payment will be included in the down payment.
3. In addition to down payment and down payment, buying a house costs overhaul fund. When buying a house, you should pay attention to whether there is a pre-sale permit for commercial housing and whether the land is for sale.
Extended data
The function of the deposit is to ensure the smooth progress of the contract. If the party paying the deposit breaches the contract, it has no right to demand the return of the deposit; If the developer breaches the contract after accepting the deposit, it shall double the deposit. Some property buyers did not sign a purchase contract with the developer when they paid the deposit. It is best to sign a written deposit guarantee agreement with the developer, and at least indicate the main contents of the oral agreement on the deposit receipt.
Note: Don't write "down payment" as "down payment". "Deposit" is a legal term, which is usually regarded as an advance payment for house purchase. If the buyer pays the "deposit" and does not intend to buy a house, he should have the right to ask the developer to refund the "deposit".
When buying a house, the developer issues a sealed "commitment letter" to ensure that the amount of family property rights will not be refunded after the expiration. Is this "commitment letter" effective? This Letter of Commitment shall be regarded as an annex to the house purchase contract (master contract) and have the same legal effect as the master contract.
If the developer fails to handle the property right within the agreed time limit, the buyer may require the developer to fulfill his promise according to the Letter of Commitment. If the developer fails to fulfill his promise, the buyer can solve it through legal means such as arbitration or litigation.
Baidu Encyclopedia-House Purchase Deposit Agreement