DaveS
2012-11-05 15:02:45
- #1
Dear Wastl,
I see exactly the same risk, the city and the development agency are of course optimistic, but I don’t want to take any risk here. And this risk definitely exists. Mid 16/17 is not an option. Some in the construction area are already having problems with their financing/developer after the second delay.
We conclude a purchase contract at the notary – but due to various dependencies the first installment (start of development, agency must provide a completion guarantee) will only be due at the resolution of the statute, i.e. when the development plan becomes legally binding. Only then will surveying take place, only then can the building application be submitted, etc.
Daves
I see exactly the same risk, the city and the development agency are of course optimistic, but I don’t want to take any risk here. And this risk definitely exists. Mid 16/17 is not an option. Some in the construction area are already having problems with their financing/developer after the second delay.
We conclude a purchase contract at the notary – but due to various dependencies the first installment (start of development, agency must provide a completion guarantee) will only be due at the resolution of the statute, i.e. when the development plan becomes legally binding. Only then will surveying take place, only then can the building application be submitted, etc.
Daves