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Legal Issues of Subscription Agreement and Deposit of Commercial Housing

LIU Heng-ke(Law Department of Business College of Shanxi University,Taiyuan Shanxi 030031,China)  
A great number of disputes arise due to lack of legal understanding of subscription agreement which is widespread adopted in the sales of commercial housing.This paper defines subscription agreement as a pre-contract which aims to urge both parties to negotiate sincerely.The deposit in subscription agreement can be in the nature of contract establishment and default of agreement.Only after a housing sales license is acquired by real estate developer can a subscription agreement be arranged.Then,based on different situations in practice,this paper analyses the application of default penalty of subscription deposit.
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