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parcelas

English translation: (periodic) instalments (payment)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Portuguese term or phrase:parcelas
English translation:(periodic) instalments (payment)
Entered by: Antonio Tomás Lessa do Amaral

02:52 Sep 26, 2018
Portuguese to English translations [PRO]
Bus/Financial - Finance (general) / Real estate purchase/sale agreement
Portuguese term or phrase: parcelas
Hi all,

I'm doing a summary of a real estate agreement and want to make sure I'm understanding it correctly. There is a clause under "Preço e condições de pagamento that reads": 185,000.00 R$, sendo este o saldo devedor total do contrato de financiamento vigente em nome dos VENDEDORES. Contrato no. xxxxxxxxx do Banco Caixa Econômica Federal pactuado inicialmente em um prazo total de 300 mezes, tendo sido renegociado de tal forma, que se estenda este prazo para 420 meses, reduzindo o valor da parcela, sendo a partir da assinatura do presente o pagamento obrigatório pelos COMPRADORS, podendo ser financiado em nome dos COMPRADORES assim que possível, em até 05 (cinco) anos."

Does this mean that the current owners of the property still owe 185,000.00 but that the buyers are now responsible for paying this sum? In other words the property is currently not entirely paid off--the owners are essentially transferring their mortgage to the buyers? And is it also saying that the buyers need to pay off the mortgage in five years?
Jerome Ellis
United States
Local time: 15:21
(periodic) instalments (payment)
Explanation:
That's how I'd put it
Selected response from:

Antonio Tomás Lessa do Amaral
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +4(periodic) instalments (payment)
Antonio Tomás Lessa do Amaral


  

Answers


5 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +4
(periodic) instalments (payment)


Explanation:
That's how I'd put it

Antonio Tomás Lessa do Amaral
Works in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 48
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  João Santos: +1
1 hr
  -> João, grato
agree  Alcinda Marinho
5 hrs
  -> Alcinda, agradeço
agree  Mario Freitas:
6 hrs
  -> Grato, Mário
agree  Gilmar Fernandes
2 days 3 hrs
  -> Gilmar, grato
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