Oral reservation

• Reservation for a period of three working days (by telephone, e-mail, using the contact form or in person).
• One the 3 days are over, the oral reservation is transferred to another interested party

Contract

• Arrange a personal meeting with salesperson in the show apartment.
• Explanation of terms and conditions for apartment purchase at sales venue followed by conclusion of a Reservation Contract or Contract on a Future Purchase Contract.
• A reservation fee of 100 000 CZK incl. VAT is to be paid within five days of signing a Reservation Contract.

Receipt of apartment and purchase contract

• Signature of a Purchase Contract following payment of the full purchase price.

Entry into the Cadastre (property) Register.

• The Purchase Contract will be entered into the cadastre register following the protective term from the deposit being submitted.

Payment schedule - STANDARD

• first downpayment (reservation fee) of 100 000 CZK incl. VAT for each apartment is payable within five days of signing the Reservation Contract or Contract on a Future Purchase Contract.
• remainder – payment through your own funds to the amount of the agreed basic price incl. VAT minus the reservation fee, which is payable within 45 days of signing the Reservation Contract or Contract on a Future Purchase Contract (CFPC).

Notes:

The STANDARD payment schedule applies exclusively and solely to financing the object of sale from the client’s own funds, i.e. the object of sale cannot and will not be used as collateral by a third party.

HYPO payment schedule

• the first downpayment (reservation fee) of 100 000 CZK for each apartment is payable within five days of signing the Reservation Contract.
• the second downpayment - deposit of own funds at a level of 20 % of the agreed basic price incl. VAT minus the reservation fee, payable within 20 days of signing the Contract on a Future Purchase Contract (CFPC).
• remainder – the remainder of the purchase price paid from the mortgage and appropriate VAT is payable within 45 days of signing the Contract on a Future Purchase Contract (CFPC).

Notes:

The HYPO payment schedule applies solely to financing the object of sale through a combination of the client’s own funds and a mortgage.

The Future Vendor recommends implementing the Future Purchaser take out a mortgage from one the co-operating banks to ensure standardisation of conditions for drawing upon the mortgage set in the CFPC, and from selected branches. The Future Vendor further recommends, in particular to ensure fast communication with the mortgage bank, that the mortgage be arranged with the selected branch directly without the participation of an external financial advisor. Should the Future Purchaser require a different branch, or another financing bank, this change will require approval of the Future Vendor, who has the right to approve or reject this change.

The repayment schedule option must be specified by the Future Purchaser before signature of the Reservation Contract / Contract on a Future Purchase Contract.

All information detailed is set on the Future Vendor’s business model and cannot be changed. If the Future Purchaser defaults on payment, we recommend immediately contacting the sales department to deal with the situation.