Recently, it was learned that in order to further regulate commercial housing transactions and protect the legitimate rights and interests of both buyers and sellers, Nanning has launched the template of “Nanning Commercial Housing Sales Contract (pre-sale)” and “Nanning Commercial Housing Sales Contract (present sale)” in 2022 from April 15, 2022.

According to Article 6 of the new version of the contract, the deposit, down payment and mortgage loans issued by commercial banks and other commercial housing pre-sale funds paid by the buyer according to the contract shall be directly deposited into the supervision account of designated commercial housing pre-sale fund, among which the down payment shall be deposited through the payment form generated by the pre-sale fund supervision system of the relevant department of housing and urban-rural development. In addition, the down payment shall be deposited through the payment note generated by the pre-sale fund supervision system of the department of housing and urban-rural development. The buyer has the right to refuse payment if the transfer account information is inconsistent with the specified supervision account information.