What are the payment terms for purchasing a housing lot?
Answer The price of the lot is to be paid in four installments, in the following manner: – 20% of the price at the time of the signature of the Preliminary Purchase and Sale Agreement (CPCV) – 15% of the price 6 months after the signature of the CPCV – 15% of the price 12 months after the signature of the CPCV – 50% of the price at the time of the public deed, 18 months after the signature of the CPCV. The Purchaser need only perform the public deed 18 months after the signature of the CPCV if the construction of the infrastructures and the golf course is complete. Otherwise this final payment shall only take place at the time the construction of the infrastructures and the golf course is concluded.
