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Originally Posted by olliesdad
I have loaded some pics on but can't paste the link into this blog for some reason. i'll get back to you on that.
Just had an email back from the lawyer to say that we are within our rights to withhold the final payment until act 16 has been served. I intend to visit again once they say it is finished but will request some up to date pics before I travel this time.
Incidentally, our contract states that we are also purchasing a percentage of the common areas. Surely then, it would need to be fully complete before the final payment is due. I have not heard anything about the mayor stopping all building. He has stopped approving any further plans as he feels the area is becoming overdeveloped. I have no doubt they will try and suggest some administration problems as this will negate a penalty. It would be interesting to see some documentary proof. While I was out in Bansko I spoke to another investor who said it is not unusual for a development to be late.
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Hi Ollies Dad
we have also bought apartments in D bock in Panorama ad are refusing to pay our final balance until we see the images of our apartment and also the rooms. WE have been in discussion with the developer as our contract states Act 15 ad 16 needs to be issued by 30/10. Our contract also states if the work is not completed by then we are entitled to our money back.
I asked them for the name of their solicitor and they wouldn't give it to me. I have now discivered that they have Fidentia Group as their solicitor also and Raslita Galeva is their acting solicitor. I am very nervous about paying any money.
I assume we are all in the same boat at present. Do you know anyone who has completed. They are now asking for 90% of the final balance and the remaining 10% on completion.
At present the contract is not worth the paper its written on, not unless you prosecute them
WE are going to consult an independant British Lawyer. Do you know any who specialise in Bulgarian Law in the UK