PURCHASE OF AN APARTMENT - THE MOST IMPORTANT CLAUSE (finishing the apartment to readiness)

"Art. 42. Provisions of the developer contract and the contract referred to in Art. 2 sec. 1 point 2, 3, or 5 or sec. 2 and Art. 3 or Art. 4, less favorable for buyers than the provisions of the law are invalid, and in their place, the relevant provisions of the law apply.

 

Art. 2 sec. 1 point 2 - a contract concluded between the buyer and the developer, in which the developer undertakes to establish separate ownership of the residential unit and transfer ownership of that unit and the rights necessary to use that unit to the buyer.

 

Art. 2 sec. 1 point 3 - a contract concluded between the buyer and the developer, in which the developer undertakes to transfer ownership of the residential unit and the rights necessary to use that unit to the buyer.

Art. 2 sec. 1 point 5 - a contract concluded between the buyer and the developer, in which the developer undertakes to transfer ownership of the property developed with a single-family house or perpetual usufruct of the land property and ownership of the single-family house built on it, constituting a separate property, or to transfer a fractional part of the ownership of that property along with the right to exclusive use of the part of the property serving to meet housing needs.

Art. 2 sec. 2 - a contract concluded between the buyer and the developer, in which the developer undertakes to:

1) build a building and transfer ownership of the commercial unit,

2) transfer ownership of the commercial unit,

3) build a building and transfer a fractional part of the ownership of the commercial unit,

4) transfer a fractional part of the ownership of the commercial unit

– if these contracts are concluded along with one of the contracts referred to in sec. 1, and relate to the same development project

or investment task.

Art. 3. The provisions of Art. 26 sec. 1 points 1–8, Art. 27 sec. 1, Art. 29–32, Art. 34 sec. 1 points 1 and 2, and Art. 41 sec. 1–3 also apply

to:

1) sales contracts concluded between the buyer and the developer, the subject of which is the transfer to the buyer of ownership of the residential unit and the rights necessary to use that unit or the transfer to the buyer of ownership of the property developed with a single-family house or perpetual usufruct of the land property and ownership of the single-family house built on it, constituting a separate property, or the transfer of a fractional part of the ownership of that property along with the right to exclusive use of the part of the property serving to meet housing needs, or

2) contracts referred to in point 1, concluded along with sales contracts, the subject of which is the transfer of ownership of the commercial unit or the transfer of a fractional part of the ownership of the commercial unit, or contracts whose subject is the obligation to build a building or transfer ownership of the commercial unit or build a building or transfer a fractional part of the ownership of the commercial unit, if they relate to the same development project or investment task.

Art. 4. The provisions of Art. 29–32, Art. 34 sec. 1 points 1 and 2, and Art. 41 sec. 1–3 also apply to:

1) sales contracts concluded between the buyer and an entrepreneur other than the developer, the subject of which is the transfer to the buyer of ownership of the residential unit and the rights necessary to use that unit or the transfer to the buyer of ownership of the property developed with a single-family house or perpetual usufruct of the land property and ownership of the single-family house built on it, constituting a separate property, or the transfer of a fractional part of the ownership of that property along with the right to exclusive use of the part of the property serving to meet housing needs, or

2) contracts referred to in point 1, concluded along with sales contracts, the subject of which is the transfer of ownership of the commercial unit or the transfer of a fractional part of the ownership of the commercial unit, if they relate to the same development project or investment task.

– if the subject of the contract was created as a result of the implementation of a development project or investment task, and the transfer of rights from these contracts to the buyer occurs for the first time.

 

completion of the apartment to a ready state

completion of the apartment to a ready state

completion of the apartment to a ready state

completion of the apartment to a ready state