Oasis beach and golf
I have only recently been made aware from reading this site of the importance of the RT plots. I was not advised by Superior's agent that there were any restrictions on occupation. Whilst i intend to rent out for the majority of the time I am not keen on having restrictions as to when i can occupy for personal use. There was no mention in the paperwork from Superior of the "touristic" nature of the plot. This details were obviously in the purchase contract between Superior and Fedessa i assume?
I have been advised by my lawyer, only after raising the issue myself, that there are laws relating to renting out but that as Superior and Fedessa will be running their own management companies that it will be easier for them somehow to get around the rules! I am requesting a better explanation of this. Apparently the new change in law is going to strenghten the RT requirements. I am also seeking more detail on what the tourtistic definition means in practice ie. how many weeks will i have to rent out.
I am abit concerned with the position, in particular the fact that it appears onlt recently to have reared its haed, i get the impression some of the lawyers were not aware. Prehaps some one could advise whether they have anymore info and comments generally whether it will effect resale market as now will not be able to sell to the retirement market!
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