The Rights of Advance-Seller in Building Advance-Sale Act in Comparison with the Sellers Rights in Civil Code

By approval of Building Advance-Sale Act in 2010, it is permitted to sell in advance the buildings to be built in future. In this Act, certain rights and obligations are provided for the advance-sellers and advance-buyers. The approval of the said Act is a development in the law of sale of buildings. Amongst them are the requirement for official registration of any building advance-sale, statute implied terms and special sanctions provided for breach of any advance-sale contracts. One of the most important rights for the advance-seller is the right to receive the price according to the contract in case of non-payment of installments. The right of rejection of the subsequent contract relating to the transfer of sale contract is another advance-sellers’ right in this Act. In this article we will examine the advance-sellers rights in the Building Advance-sale Act and comprise such rights with the sellers’ rights in the Iranian Civil Code.