The auction buyer will be the one who made the highest valid purchase offer (bid) until the end of the auction. Within eight days after the conclusion of the auction, the bailiff shall call upon the auction buyer to appear in the bailiff’s office within fifteen days from the day of receipt of the notice for the purpose of signature of the auction report; failure to comply shall constitute buyer’s forfeiture of his auction deposit.

The auction buyer is obliged to pay or transfer the entire purchase price to the bailiff’s deposit account within 15 days from the date of signing the auction report – and if the auction was contested with a legal remedy, from the date of its entry into force, according to the provisions of the decision assessing the legal remedy; if he fails to do so, he will lose the auction deposit.

The bailiff may grant respite for payment of the purchase price up to no more than two months, if justified due to the high purchase price or some other material circumstance.

(Vht. 149. §, 152. §)