Frequently asked questions
Below you can find some of the most frequent questions and answers regarding scheduling, payment and legal topics.
In case you have further questions, please do not hesitate to write us on the Contact site, so we can get in touch with you as soon as possible and answer your questions.
01
When do I have to pay?
ThPayments are made in installments. A 20% deposit is to be paid under the bond of deed, the amount then is transferred to an escrow account until 50% of all the flats are sold. Upon completion of more than half of the flats your deposit is converted into a reservation fee. The remaining sum is due in four additional installments:
20 % deposit/reservation fee – paid under the bond of deed
10 % advance payment – due after the completion of the foundation
30% purchase price – due after structural works are finished
30% purchase price – due after basic mechanical engineering works are done
10% purchase price – due after technical acceptance procedures are accomplished
02
When will be the house ready?
The scheduled time of the construction is 12 months. According to our plans the building will be finished by the end of 2015.
03
What happens if the construction does not start in time?
The pre-contract contains the legal aspects regarding this. In case 50% of the total flat’s area is not sold, than the given advance payment, which is waiting on the escrow account of the lawyer, will be transferred back to the customer with the additional interests.
04
When can I decide how my flat should be designed?
During the signing of the pre-contracts we will coordinate with the customers about their needs and the internal architecture of the implementation plan will be revised accordingly.