Apartments in the mountain. A story of one transaction — Part 1
Apartments in the mountain. A story of one transaction — Part 2
The sales contract surprised us with its brevity and did not surprise with the approach. It is proposed to recognize that the object being transferred is in a such condition that meets the preliminary contract description and terms, and that the buyer has no claims to condition of the object. Meanwhile, the cost of eliminating the deficiencies found on the spot was considered as significant… The developer offers options: assess the cost of the work together (not today, of course), and give them the opportunity to eliminate the deficiencies in the summer, after the ski season is over, and for now sign the sale agreement as is – next day at 10:00 at the Public register. And buyers must be on time, as everything is set for the transaction!
Having estimated the possible losses from the missed season and considering that correcting the deficiencies with the help of the developer is not the best idea, next morning at 10:00 am sharp my clients stood in the Public Register, ready for anything. Documents for registration of ownership rights were turned in, and my clients – the lucky owners of impeccable apartments – went home, leaving the lawyers to worry about concluding a service agreement ⚖️ By the way, it’s good that we did all that in October – nowadays the developer does not sign a sales contract without a service agreement, and at the same time service company that has no direct relation with the registration of ownership refuses to issue keys to the apartments, and cuts off the water supply. As you may have concluded, these actions are on the border with illegal.
Well, the story about concluding a service contract with a monopolist is to be told soon, as today one of the initiative groups of apartment owners have to decides whether to assault the developer’s office and make them listen, or endure the ski season with a minimum service.