- This topic has 20 replies, 5 voices, and was last updated 12 years, 11 months ago by
.
-
Posts
-
-
-
-
-
Phil – there are three main off-plan developments on/near Santa Maria Golf course that are ‘experiencing difficulties’: Green Hill, Los Lagos and Santa Maria Village.
Each one has it’s own individual scenario of problems/purchaser situations, so as Claire asks, you need to state which development you are you involved in for anyone to reply to you.
-
Phil – there are three main off-plan developments on/near Santa Maria Golf course that are ‘experiencing difficulties’: Green Hill, Los Lagos and Santa Maria Village.
Each one has it’s own individual scenario of problems/purchaser situations, so as Claire asks, you need to state which development you are you involved in for anyone to reply to you.
-
-
-
Phil – there was recently a thread re. latest news on this development – suggest you have a read.
It mainly concerns an announcement by Marbella Town Hall, issued on August 16th this year, re. refusing to grant (at the moment) a Licence of First Occupation (despite what the developer may say).The million dollar question is: Do you have a valid Bank Guarantee?
https://www.spanishpropertyinsight.com/forums/viewtopic.php?t=1556&postdays=0&postorder=asc&start=0
-
Phil – there was recently a thread re. latest news on this development – suggest you have a read.
It mainly concerns an announcement by Marbella Town Hall, issued on August 16th this year, re. refusing to grant (at the moment) a Licence of First Occupation (despite what the developer may say).The million dollar question is: Do you have a valid Bank Guarantee?
https://www.spanishpropertyinsight.com/forums/viewtopic.php?t=1556&postdays=0&postorder=asc&start=0
-
Hi Charlie,
Thanks for your reply. I bought off plan but from an investor ie resale therefore my contract is not with the developer. Furthermore it appears my investor was also my original solicitor acting for me in my purchase. This was not known to me oroginally.
However, I am now being asked to complete without the LFO on the basis that the Certificate of End of the Building has been issued to the town hall. If there is no reply from the town hall after 3 months it is considered approved on the grounds of Administrive Silence.They state that the judge in Marbella has rejected cliams made by owners that the Habitation Licences that have not been issued are not grounds for breach of contract by the developer.
As the development has contracts issued to supply water and electricity the developer can cliam for payment now in full and deliver the property by granting a Public Purchase Deed?
If i therefore do not complete it will be myself in breach of contract , and they would sell on the prperty.Does this picture ring true with others?
Regards
-
Hi Charlie,
Thanks for your reply. I bought off plan but from an investor ie resale therefore my contract is not with the developer. Furthermore it appears my investor was also my original solicitor acting for me in my purchase. This was not known to me oroginally.
However, I am now being asked to complete without the LFO on the basis that the Certificate of End of the Building has been issued to the town hall. If there is no reply from the town hall after 3 months it is considered approved on the grounds of Administrive Silence.They state that the judge in Marbella has rejected cliams made by owners that the Habitation Licences that have not been issued are not grounds for breach of contract by the developer.
As the development has contracts issued to supply water and electricity the developer can cliam for payment now in full and deliver the property by granting a Public Purchase Deed?
If i therefore do not complete it will be myself in breach of contract , and they would sell on the prperty.Does this picture ring true with others?
Regards
-
Hi Phil
I have a friend who is waiting for Los Lagos to get its LFO, his solicitor is advising him not to complete until it’s in place, and his solicitor says it is not. My friend has been asked to complete but has refused and there the pressure has stopped, it is also my understanding that while water is now on, electricity is still on builders supply. So the advice you will find here and from me is don’t complete without an LFO on this development.
There has been much said about this development on this board and here is my personal view of the situation. First you should know that while many of the development around los Lagos have been there for quite awhile (up to 10 years) ALL of them currently still do not have a LFO. That is they do not have a piece of paper you could frame and stick on the wall. All have them via Administrative Silence, they include Los Patios, Los Jardines, Las Terrazas and others.
Los Lagos like the others will eventually get one I’m sure, how long we will have to wait is another matter. I have no idea whether the BG passes over in the sort of deal you have, but clearly it is important if the promoter places the small holding company which fronts los Lagos into receivership, as I asume without a BG you will lose your deposit if you have not completed. There are legal people on here who may help further on this.
You don’t say why you want out of the deal, is it down to the lack of LFO?
Hope this has helped
Regards
Paul
-
Hi Phil
I have a friend who is waiting for Los Lagos to get its LFO, his solicitor is advising him not to complete until it’s in place, and his solicitor says it is not. My friend has been asked to complete but has refused and there the pressure has stopped, it is also my understanding that while water is now on, electricity is still on builders supply. So the advice you will find here and from me is don’t complete without an LFO on this development.
There has been much said about this development on this board and here is my personal view of the situation. First you should know that while many of the development around los Lagos have been there for quite awhile (up to 10 years) ALL of them currently still do not have a LFO. That is they do not have a piece of paper you could frame and stick on the wall. All have them via Administrative Silence, they include Los Patios, Los Jardines, Las Terrazas and others.
Los Lagos like the others will eventually get one I’m sure, how long we will have to wait is another matter. I have no idea whether the BG passes over in the sort of deal you have, but clearly it is important if the promoter places the small holding company which fronts los Lagos into receivership, as I asume without a BG you will lose your deposit if you have not completed. There are legal people on here who may help further on this.
You don’t say why you want out of the deal, is it down to the lack of LFO?
Hope this has helped
Regards
Paul
-
Re. buying anothers contract and BGs, check Drakans post on
https://www.spanishpropertyinsight.com/forums/v … ight=#8426
-
Re. buying anothers contract and BGs, check Drakans post on
https://www.spanishpropertyinsight.com/forums/v … ight=#8426
-
-
-
Hi Paul,
Thanks for your message, we want out of the contract due to the time period, which we have been trying to progress for over 12 months now with no luck so far. Our contract had a completion date of Dec 04 so consider the seller to be in breach of his contract not us. We continue to refuse to complete.
Many Thanks
Phil
-
Hi Paul,
Thanks for your message, we want out of the contract due to the time period, which we have been trying to progress for over 12 months now with no luck so far. Our contract had a completion date of Dec 04 so consider the seller to be in breach of his contract not us. We continue to refuse to complete.
Many Thanks
Phil
-
Hi Phil
Assuming you mean December 2006, you may find that the promoter will do all he can to resist you canceling the contract at this stage arguing that a short delay is reasonable.
That’s the feeling i got when i spoke to the company dealing with Los Lagos and clearly they are pushing hard to get an LFO ASAP.
regards
Paul
-
Hi Phil
Assuming you mean December 2006, you may find that the promoter will do all he can to resist you canceling the contract at this stage arguing that a short delay is reasonable.
That’s the feeling i got when i spoke to the company dealing with Los Lagos and clearly they are pushing hard to get an LFO ASAP.
regards
Paul
-
The forum ‘Real Estate Topics, News & Discussion​’ is closed to new topics and replies.