Hi Les
Looking at the recently supplied information have IMOCOM posted out to us, it would seem to indicate 15th June time for completion of the building works, with deeds being signed sometime in July. From all accounts looking at different threads on this web site, the feeling is these dates will be missed. If the dates are hit,, then I believe between the 15th June and the deeds being signed sometime in July, there will be a time for the owners to go over to complete the snag list review before signing the contract / transfer of ownership from IMOCOM to the owners.
Still have not booked flights to get out there as concerned they wont hit the release dates......
On the renting side of things we puchased ours fairly early on and opted for the 3 year rental programme, although we were told of the time, they would not be able to offer this option to all of the owner. I recall the Portuguese estate agents we purchased it through said we were the last ones in on the 3 year deal. However I believe they are offering other schemes of duration and % split of the rental.
Looking at our reservation contract that will become the Promissory contract there are certain terms in there regarding the rental side, although I believe the finer details are still be to issued / sorted
Regards
Simon
Quote:
Originally Posted by Les B
Hello All,
I have just found the forum which is very intresting reading. I have purchased a T1 in Monte Santo. If any one could update me on the current situation regarding completion date it would be much appreciated. Also if any one has any further information with regard to the rental contract that is on offer, again, this would be very much appreciated.
I am currently out in Afghanistan so this is my only source of information regarding the Resort at the moment.
Thanks
Les B
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