Has anyone been in the position that the house has been completed and the contract says that the money must be handed over on completion but some of the legal preliminaries regarding the status of the urbanisation have not been completed. This means that the deeds cannot be drawn up until this is finalised. The contract nevertheless says that the money must be paid once the house is completed (or a date may be specified). If you hold this final payment back you have effectively terminated the contract and you will forfeit a large percentage of the money already paid. The contract says the money has to be paid by March 2005. The contract also states that the title must be finalised by April 2006.
Is this usual in Spain? Do people move in and then sort out the title deeds once all the legalities with the regional government have been sorted out? The contract says that the builder has agreed to sell you the property - you have paid the money - the house is yours.
If the money has been handed over what pressure is there on the builder to keep things moving on the title?
Has anyone had similar experiences?
PaddyW
Is this usual in Spain? Do people move in and then sort out the title deeds once all the legalities with the regional government have been sorted out? The contract says that the builder has agreed to sell you the property - you have paid the money - the house is yours.
If the money has been handed over what pressure is there on the builder to keep things moving on the title?
Has anyone had similar experiences?
PaddyW
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