Poliza de Afiancamiento
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Does anyone know what this is and if so, does it in any way guarantee or protect monies paid to a developer for an off-plan contract? They are offering to give me this in place of a Bank Guarantee. I believe it will be signed by the developer in front of a notary. Do I need to be particularly careful of the wording used in it? Thanks for your assistance.
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Poliza de AFIANZAMIENTO de cantidades entregadas a cuenta is an insurance policy equivalent to Bank Guarantee 57/68.
Just check if you are the guaranteed person , if it covers the whole deposit plus legal interests and ha no expiration deadline.
Best,
Maria
_______________________
Maria L. de Castro, JD, MA
Lawyer
Director www.costaluzlawyers.es
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Dear Maria
Thank you so much for this information - I do appreciate it.
Regards
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