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Hello everyone,

for a long time I have been a silent reader in this great forum and now the day has come when I want to ask my first (and feeling not easy) question.

My wife and I are in the process of buying a plot of land in a new development area. Except for some small queries with the building authority regarding possible development (the textual specifications of the [B-Plan] are kept very short...) everything looks very good so far.

What concerns me, however, is the following: The plot is sold "free of development contributions". The development is included in the price per m2 and is carried out by the seller of the plot through a development contract with the municipality. My worry is now that if the client of the development, for example, goes bankrupt, I might have to bear the costs of the development twice, which can quickly cost a few euros...

Can I somehow secure myself in the notary contract? What options do I have?

best regards Chris

Quite simply, the plot is paid for once it has been developed. This is not unusual. In the case of larger development measures, for example, part of the purchase price can also be deposited in a [Notaranderkonto].

It was regulated like that with us too. Money was released according to the progress of the development.

Thank you both!

Then I will start negotiations with the notary :)

Quite simple, the property will be paid for as soon as it is developed. That is not unusual.
For larger development measures, for example, part of the purchase price can also be deposited in a notary escrow account.

That would be my preference. I'm just "afraid" of driving the seller away... here in the region, a property under these conditions (and by that I don't mean the price) is like hitting the jackpot...

Best regards
Chris