20 Mar 2007 9:14 PM:

My Lawyer gave me the following feedback on cancellation of the contract

The developing company Arenal Sur 21 s.l. has been recently sold to a Bank called Caja sur. The managers for Arenal Duquesa are still Arenal 2000. That might be the reason for the delays in responding to our queries.

Nevertheless I hereby inform you what the contract stipulates regarding the

cancellation:

It says that, If you do not complete they have two possibilities:

a)Force you to complete and pay the balance of the purchase price.

b)Cancel the contracts, in which case they will refund you the amounts paid as deposit, deducting 10% of the amounts to be paid on time of the cancellation and deducting the commission paid to the sales agents.

Furthermore it says that If you choose unilaterally to cancel the contract they would be able to keep the full amount of the deposit as compensation for damages, unless the parties agree something different.

Community thread: Getting a trade

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17 Jan 2007 1:07 PM:

Hi everyone!

Can you please let me know what mortgages you arranged for your purchase on Arenal Duquesa.

Thanks

Peter

Community thread: problems getting in to see a show apartment

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02 Jan 2007 12:00 AM:

Hi,

Happy New Year !

Does anyone have details of the Mortgage being offered by Arenal 2000. I have not heard from them since paying my 30% deposit for an apartment in Phase 1 and need to arrange a mortgage.

Can you please let me know of your chosen mortgage provider and interest rates that you are offered.  Please specify if its interest only or repayment so that I can consider both.

Thanks.

 

Peter

Community thread: masa inspection trips

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