FAQ

A reservation agreement is an agreement between the developer and a client who is interested in buying the property (the “Reserving Party”). The aim of the agreement is to temporarily exclude the apartment from sale, against payment. The developer undertakes not to conclude an agreement concerning the particular apartment with another client. At the same time, the client (or the developer) has time for a final declaration of whether they want to conclude a developer agreement concerning a given property or not.

The agreement under which the developer undertakes to transfer ownership to the buyer after completing the construction of the property. And prior to the transfer, the buyer of the property will pay the developer for purchasing the apartment. It is an essential part of the apartment purchase from the primary market. The developer agreement is made at the notary’s, otherwise being null and void.

It constitutes another step after the developer agreement, and under this particular agreement, the client ultimately becomes the owner of a particular property. On its conclusion, a separate Land and Mortgage Register is issued, and the client (the buyer) will be entered into it as the apartment’s owner. The agreement of transfer of ownership may be signed only after the technical acceptance of the apartment.

A trust account opened in the bank is used for settlements between the client and the developer. It is a kind of security for the buyer in the event of the insolvency of the developer, dissolution or bankruptcy of the company. The bank becomes an agent, assuring the safety of the transaction and the transfer of funds to the developer according to the provisions of the developer agreement.

The developer’s duty is to prepare a prospectus for every investment. It is a set of information divided into main and individual parts. The document should be written according to the statutory guidelines. The client will find information on the legal status and an insight into the investment, and also the financial situation of the developer.

It refers to a construction with load-bearing walls, covered with the roof and division walls, windows, window sills and front doors, along with thermal insulation, connections (electrical, heating, water, and sewage), plaster on the walls and underlays on the floor.

We cooperate with experienced interior designers, who will help finish the apartment so that it is beautiful and functional. We may also finish the apartment entirely, so that it is possible to live in it right away.

We cooperate with a professional mortgage consultant, who cooperates with several leading banks, and helps to handle the formalities.

There is a possibility to connect the apartments, as well as to re-arrange their layout. These options are available at an extra charge, which depends on the construction stage – if the scope to be altered is already completed, then its change will entail additional costs.

First, we sign a reservation agreement with a deposit amounting to 1% of the property value. Next, after receiving the building permit, we conclude a developer agreement that specifies the instalments and payment terms corresponding with the advancement of the construction expressed in percentage. Finally, after the construction is completed, and the whole amount is paid by the buyer, we sign an agreement of transfer of ownership.

The property will be managed by a professional manager who will be available for the residents, handling all the formalities and possible problems.