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A non-refundable
reservation deposit of £3,000 or €5,000 is required to take the
required apartment off the market and this can be transferred to
Pluto Capital’s London Sterling or Montenegro Euro accounts (see
below for details). Once this is paid, the form below should also be
signed and faxed back to us.
The next step is then to sign the full sales contract, which is a
detailed agreement specifying standard and size of finished units,
delivery times and payment phasing. This legal document needs to be
signed in a Montenegrin court either by the buyer or their
representative (we can prepare the paperwork so that you can appoint
a representative to sign on your behalf).
Because of the speed
at which the market is moving, we must ask that you sign the full
sales contract and transfer the first payment within 30 days of the
transferring the deposit money (else the deposit will be forfeited).
There are three
staged payments throughout the construction period of the
development:
|
Payment |
Event |
Amount |
Timing |
|
1
|
Signing Full Contract |
35% (inc. deposit) |
From January 2006 |
|
2
|
Walls completed |
35% |
May, June 2006 |
| 3 |
Hand over of
keys |
30% |
February 2007 |
Additional fees
In
addition to the prices quoted above there are couple of minor fees
the buyer will incur.
-
Legal fees, payable directly to the lawyer, around €500 - 600
-
A fee of 3% payable direct to your
estate agent
-
Transfer
tax of 2% payable by the purchaser on all property transactions
in Montenegro
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