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26 Sep 2006 12:00 AM by pokrok Star rating. 2 forum posts Send private message

does anyone know how many apartment sales have been completed and how many have only paid deposits [ waiting for occupation licence before completing ] and those  that are still up for sale


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28 Sep 2006 12:06 PM by kenny e Star rating. 73 forum posts Send private message

Not sure why this information is important pokrok and I´m not sure how accurate any answers will be. 

What is for certain is that all apartments are now ready for completion and anyone who has paid a deposit to secure a property and has not yet completed is being charged interest on a daily basis by Penarroya which will be added on the day of completion at the Notary.  I only learned of this yesterday.  Thankfully I have been working hard to complete for the past few months and hope to complete very soon. 

Anyone who is waiting for an occupation licence before completing is likely to be waiting for a long time and will incurr massive interest penalties from Penarroya in the process.  As I posted some months ago, my advice is to complete, if at all possible, in any way you can, to secure your investment. 

 



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28 Sep 2006 2:46 PM by maddy.hall Star rating. 50 forum posts Send private message

Interest on what, Kenny? 


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28 Sep 2006 8:46 PM by kenny e Star rating. 73 forum posts Send private message

Interest on the outstanding balance i.e. the difference between the initial deposit (30%) and the agreed price. 

I have been working tirelessly to complete and yet have incurred €2000 interest since June 2nd.  Contesting this may prove difficult as it is being raised through the small print in the contract which I signed to say that I would complete when the apartment is ready (in my case June 2nd).     



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03 Oct 2006 4:11 PM by bubbles Star rating. 2 forum posts Send private message

no one has asked us to complete yet


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04 Oct 2006 9:54 AM by maddy.hall Star rating. 50 forum posts Send private message

Which lawyer are you with Bubbles - think that is the answer.  We were not asked to complete until the day we changed lawyer and then by "sheer coincidence" the demand to complete came through on the very morning the new lawyer collected the file from the old lawyer.  We believe other people who are still with the old lawyer have still not been asked to complete either.


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05 Oct 2006 11:26 AM by bubbles Star rating. 2 forum posts Send private message

Old lawyer being ME by any chance?

We shifted lawyer but still were not asked. Old lawyer had a fax in our file dated may suggesting we complete but it was never sent to us. Anyway- how can they charge interest when the Apartments have no licence? The contract has not been fulfilled. Once they have been passed as legal - it is a different story....



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