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| Location Climate Product Mix & Prices Payment Terms Lease Back Services & Features Specifications Mortgages Other Informaion |
| The standard payment terms are as follows: | |
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30% of the unit price with the signature of the Promissory Agreement. |
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20% of the unit price with the start of construction. |
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50% of the unit price with the delivery. |
| PROCEDURES | |
| Clients are given the following options to make a purchase: | |
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To make a reservation of a property unit the client should pay €3,000 fee. |
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The Promissory Contract of Purchase and Sale (Promissory Contract) has to be signed within 28 days from the date of Reservation. |
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The client has to pay the first instalment (minimum of 30%) with the signature of the Promissory Contract. |
| ADVANCE PAYMENT BANK OR INSURANCE GUARANTEE | |
| Bank or insurance guarantee will be issued on the following terms: | |
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The guarantee will cover 50% of the payments made by the client until the start of construction (included). |
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A general Comfort Letter will be provided by the guarantor confirming the commitment to issue the guarantee immediately after the advance payment has been made and received. |
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The guarantee will be issued for a maximum period of 12 months starting from the date of official launch. |
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The specific date of expiry will be stated in the guarantee. |
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The beneficiary of the guarantee will be the client. |
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Disclaimer | Copyright © 2007 | Vila Verde Resort | All rights reserved. |
