Quote:
Originally Posted by Roger
Thanks for that. I just re-read the Due Dilligence and apparently we are buying leasehold (I had assumed freehold), and the developer remains the freeholder. Does this make a difference?
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Big time. Actually in order to transfer a new 99 years usufruct period to a new purchaser you'd have to go through the developer, and he'd charge you average of 5% for that.
However you can't 'register' usufruct, but you can obtain a "Signature Validity" court verdict on it.
All the best,
Zeiad Yehia
Solicitor