Short answer
The CPCV is a preliminary contract where buyer and seller agree on terms, price, and deadlines. The buyer usually pays a deposit (sinal). If either party backs out, penalties may apply. It is legally binding, so review it carefully with a lawyer before signing.
General information, not legal or tax advice. Rules and amounts change: confirm with official sources.
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A renovated 5-bedroom house in Ribeira Grande, São Miguel island, minutes from the beach and local life.
