Category: Law and ownership

Boleto de compraventa (preliminary sale agreement)

A preliminary sale contract signed between buyer and seller before the public deed, setting price, conditions, and deadline for executing the deed.

Last updated:

The boleto is the document that formalizes a buy/sell agreement in Paraguay before going to the notary public to sign the final deed. It typically includes a deposit (10%–30% of price), conditions precedent (e.g. mortgage approval), deadline for the deed, and penalties for breach. It does not transfer ownership by itself — that requires the public deed registered in the Real Estate Registry. Strongly recommended to have a lawyer draft or review it.

Example

On a USD 120,000 house, buyer and seller sign a boleto with a 10% deposit (USD 12,000), a 60-day deadline for the deed, and one condition precedent: mortgage approval. If the bank declines the loan, the deposit is returned; if the buyer walks away without cause, they forfeit it.

Related tools

Related terms