We enter into a reservation contract with the buyer for the apartment they’re interested in. Their reservation comes into effect from the moment the €5000 contract fee is received in our account. The reservation is time-limited, remaining valid until a notarised contract under the law of obligations is entered into. The fee for the reservation contract is counted as part of the final price of the apartment when the contract under the law of obligations is entered into.
We enter into a notarised sales contract under the law of obligations with the buyer that sets out all the agreed details of the transaction. In order to enter into this contract, the buyer must have paid at least 10% (ten percent) of the purchase price.
Once the apartment has been completed and is ready for handover, a notarised real rights contract is entered into, the buyer pays the remainder of the purchase price and the right of ownership in the apartment is transferred to them in accordance with the terms and conditions of the contract.