New Court Ruling relating to return of deposits

Expatica - Health
Post reply   Start new thread
New - Old :: Old - New

Pages: 1 |

Medina Elvira 23 forum threads
The Comments
11 Dec 2010 12:00 AM by donshel Star rating. 1 forum posts Send private message


I have just found out from a friend of mine, who was also buying an apartment at Medina Elvira 23, that his lawyer (who is the same one I had for my case) has just received a Judgement from the Courts of Marbella. The lawyer's comments are the following (sent by email to my friend to explain everything):
Peninsula has been condemned to cancel the contract and return the money, resulting in a complete turnaround from the previous Judgements:
The Court considers that the First Occupation Licence for some of the buildings are non valid, they are just provisional and incomplete licences, due to problems with the water and sewer connections.
The most important thing about Judgement is that people who thought they had to complete the purchase, and/or that their bank guarantee had expired, are no longer obliged to complete and can withdraw from the purchase because the policy is not expired and can claim the money from the guarantor if Peninsula does not pay.
Finally, according to my friend, this Judgement is not the only one; the same lawyer has been notified of a second Judgement with the same outcome.
Hope this information is useful for you!

Like 0

Spam post or Abuse? Please let us know

11 Dec 2010 12:22 PM by MrUnhappy Star rating. 124 forum posts Send private message

Interesting, there must also be huge implications for those who have completed.  This is really shocking and something that forum members raised concerns about at the time when the licenses were granted.

Like 0

Spam post or Abuse? Please let us know

Pages: 1 |
Post reply   Start new thread

Previous Threads

The Restore Action - 0 posts
Thinking of buying at ME23 - Yes or No? - 1 posts
rentals - 1 posts
Legal tip 277. Low cost action against Banks. Manifesto by Costaluzlawyers - 0 posts
Returned Deposits - 6 posts
Rentals -guarenteed or otherwise? - 2 posts
Lets hope that 2010 is a more positive year - 5 posts
NEWSLETTER - 1 posts
Furniture pack for sale - 0 posts
Progress on furnishing and utlities at ME23 - 7 posts
Gaspar Lino issues threat of legal action to ALL purchasers to bully them into completion - 2 posts

2 posts were found:

1 |
Our Weekly Email Digest

This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x