PROMISSORY CONTRACT FOR THE CONSTITUTION OF A RIGHT IN REM OVER IMMOVABLE PROPERTY

Research Article

Abstract

Introduction: The Promissory Contract for the constitution of Real Estate Law is a branch of Civil Law namely Law of Obligations.Promissory Contract is a contract by which someone undertakes to enter into a certain contract, it is the definitive contract. As long as the purpose of the promissory contract the parties undertake to perform the promised contract. Timor-Leste is a democratic, sovereign and independent Rule of Law, whose undependence was declared and accepted by the United Nations after, May 20, 2002 with international recognition. On the basis of this matter, we must establish a human conduct and ethics that in turn requires the interest of each of the contractors to perform a contract that needs legal basis of our order by which it can be protected by the contract.  

 Objective: To examine the agreements, and must comply with the obligations established in the law and in the Promissory Contract.  

 Methodology: We used the deductive methodology in this elaboration, because all the research is done through the library and other references were consulted on the internet as an auxiliary means.  

Discussion: It is knownthat in Timor-Leste, there are many issues with this type of contract, because some people do not fulfill the promises when they perform a certain contract, and this happens because we check some of the impediments and the lack of fulfillment of the contract and also the delay on the part of the debtor and for some reasons for not fulfilling the requirements or assumptions within the respective contract,  then arises the impossibility of carrying out the promised contract.  

Conclusion: I request a strong performance on the part of the components to oblige citizens to comply with the norm when they enter into this type of contract, the according of the regula mentation cited by (Corte Real AG & Tilman CB, 2023).