27 Aug 2009 8:21 PM:

Keith thank you very much for the full reply.  We were actually on our plot in April 2008 and they had started building, just, but other plots were well advanced, I will try to attach some photos.

Can they do that without the Licence de Obra?

It has been suggested to me that Cam Bank may be issuing the Bank Guarantees to avoid action against them and so they can present a clean image should Cleyton Ges apply for administration when the courts reopen in September.

 

Community thread: update on Finca parc

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24 Aug 2009 7:46 PM:

Keith can you clarify.

I am on stage 3 and we have been reassured that all planning permissions have been granted and building was in fact already well advanced on a number of plots in April 2008 but now you say they didn't have a building licence.

What is more we cannot claim on the bank guarantee until 18 months after the building licence has been granted and a  building completion has not been given i.e. if a building licence hasn't been granted that is 18 months from never.

That makes the bank guarantees worthless if you haven't got a building licence so it's perhaps no surprise they are now prepared to issue them.

But I thought it was a law in Spain that bank guarantees had to be given for off plan developments supposedly to protect deposits placed on developments that never got beyond the planning stage.  But the bank guarantees only become effective on this development once building licence is granted i.e. they don't comply.

Or am I missing something.

Inspectahomespain's comments about lawyers strikes a nerve as ours (Fuster & Associates) failed to inform us that they had not received the guarantees until 12 months later and even then failed to offer any positive options and now it would appear that they failed to see another fairly blatant failing in the contract.

 

Community thread: update on Finca parc

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23 Aug 2009 10:29 AM:

I got the e-mail from Town and Country but forgive me for being less than ecstatic at this news but after all Cleyton Ges have been making all sorts of promises in the last 12 - 18 months and how many have they kept.

What happened to the meeting with Dragados at the beginning of this month?

Note also it is the company administer that has issued the message, I assume they mean company administrator and you know what that means, they have gone bust and are in admininstration.

Perhaps the administrator has more influence with Cam Bank than Cleyton Ges or David Fuster especially as it would reduce the amount of creditors they have do deal with.

Lets hope its not another Cleyton Ges tactic and we get the guarantees.

Community thread: update on Finca parc

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