Lõppmaksega

Lõppmaksega is an Estonian term that translates to "with final payment" or "upon final payment." It is most commonly used in contractual agreements, particularly in real estate transactions and construction projects. The phrase signifies a condition or a point in time when a specific payment becomes due and payable.

In the context of real estate, lõppmaksega often refers to the final payment made by a buyer to a seller. This payment is typically the largest portion of the purchase price and is usually made at the closing of the transaction, after all other conditions have been met. The property title is then officially transferred to the buyer.

In construction, lõppmaksega can relate to the final installment paid to a contractor. This payment is usually contingent upon the successful completion of the entire project and any stipulated inspections or approvals. It serves as the contractor's final remuneration for their services and materials.

The concept of lõppmaksega ensures that both parties fulfill their obligations. For the buyer or client, it means they receive the goods or services as agreed. For the seller or contractor, it guarantees that they receive the full agreed-upon compensation. The specific terms and conditions associated with the lõppmaksega are always detailed within the relevant contract.