Hi Zeiad,
This is the confusing thing for me as it is not in Sharm but in Moubarak 7 in Hurghada, it would have made sence if it was usufruct.
The POA was stamped by the Notary we have not carried out the signature validity of it, when my husband went to enquire about the water etc he was told it would be in the original owners name and was advised that the POA is only valid during life and if the original owner was to die it would belong to his family and not us.
We were told to carry out signature validity so that it would be ours regardless but this seems to not be the case either.
The developer has said to pay him 10% of the original cost the first owner paid in order to change the contract but it does not stipulate in the contract that it will be valid for 99 years only or anything like this or whether this will mean the deeds are in our name etc for the land.
Q. Why would the developer have any right over the property once it has been sold?
Thanks for your help
Last edited by egypt; 16-07-2008 at 12:37 PM.
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