Royal Bay Apartments...
PROPERTIES PRICE:
The price of the property includes:
An apartment in real parts /independent site/ and its adjacent ideal parts of the building.
The sales and the reservations of the sites are published in the Internet site www.vg-develpoments.com, and the clients and the commissioners are considered informed about the new circumstances.
The clients and the commissioners may carry out reservations /a promise for a future purchase/ of properties in the complex for a period of one calendar month – during this period the Seller may not offer to third parties the property in question.
TERMS OF PAYMENT:
I. The properties are to be sold under the following standard payment scheme:
A) 1000 Euros reservation fee – in the moment of reservation;
B) 30 % of the sale price – upon signing of a preliminary sale agreement, within one calendar month from the payment of the reservation fee.
C) 40 % of the sale price – within 3 months form the payment of the deposit. (A)
D) 30 % - the rest of the price – within three months from the payment of the second installment (C) , at the transfer of ownership;
II. Victoria Group has a very flexible payment policy; there is an option that an individual payment plan is made for each particular client:
A) 1000 Euros reservation fee – in the moment of reservation;
B) 30 % of the sale price – upon signing of a preliminary sale agreement, within one calendar month from the payment of the reservation fee.
C) the remaining 70% can be paid in as many installments as the buyer prefers, within 1 calendar year from the deposit (A);
The buyer can set the number of the installments, the dates and the amounts himself. However in this case we request that the last installment is no bigger than 15%; at the transfer of ownership.
TRANSFER OF OWNERSHIP:
A Title Deed is to be signed when the whole amount of the property price is paid; The Seller grants to the Buyer the right of use/ownership over the real property after the sums stated in the preliminary agreement for purchase-sale have been paid.
The costs on transfer /notary, state fees, etc./ are on Buyer’s expense;
The property price offered by the Seller is formed provided that the ownership transfer is carried out as per tax valuation. In case the Buyer wants the property to be transferred as per its selling price the latter pays through the seller the value added tax calculated over a basis formed as a difference between the tax valuation and the selling price of the property. If such is the case, the Buyer pays the whole increased amount of the costs on the property transfer as per notary order over the due ones for transfer as per tax valuation.
COSTS ON TRANSFER AS PER NOTARY ORDER:
The costs on transfer as per notary order include:
- local tax to the amount of 2 % of the taxable basis;
- notarial fee /proportionally over the taxable basis/ as per the table in Notarial Fees Tariff;
- fee for registering the Title Deed to the amount of 0.1 % of the taxable basis;
- fee for transcripts of the Title Deed to the amount of 3 lv each;
MAINTENANCE OF THE COMPLEX:
The Seller shall undertake the maintenance of the residential complex and the Buyer shall pay for this an annual fee to the amount of 8 Euros (VAT not included) per square meter
This fee includes maintenance and cleaning of the communal parts of the building – entrances, corridors, stairs, roof, and green areas around the building; lightening of the communal parts and outside area, elevators, and security. The fee is annual and is paid once every year in the month of April, starting 2008.
RENTAL MANAGEMENT:
If the apartment owners would like to rent their properties out, Victoria Group provides rental management of the properties.
Since the apartment sections are part of bigger hotels we can rent them out through the same reservations department that operates the hotels. We sign rental contract for the active summer tourist season; we withhold 20% of the rental income as a tourist management fee, and electricity and water consumption are included in these 20%.
In case that the apartment owner wants his apartment rented out he must provide a standard equipment package (that meets the tour operators’ requirements for accommodation of tourists in the apartments on self-catering basis). We could engage and provide the package for him for additional price of 500 Euros. For further information about the equipment package please e-mail us.
