General conditions

November 24, 2024 - Buenos Aires - Argentina

in study

Dolar 1,009.00 / Euro 1,030.00

Start > Real estate developments > General conditions

01 | REQUIREMENTS TO MAKE THE RESERVATION

You must have:


     • Ability to contract, be of legal age or emancipated.

     • Age: over 18 years

     • Valid documents: Passport or DNI


02 | FORMALIZATION OF THE RESERVATION

To do this, you must enter the BUEPROP site and complete the following steps:


     • Select the property of your interest

     • Press the button ”Book"

     • Complete the reservation form

     • Choose one of the means of payment enabled and

     • Send the "Payment" and the "Proof of Payment"


To formalize the reservation, you must send the "Payment" and the "Payment Proof" including the:


     • Professional fees

     • Administrative expenses

     • Additional: "Only if it is quoted


Within the following 24/48 business hours, if you do not send the "Payment" and the "Payment Proof", your reservation request will be canceled


A BUEPROP real estate broker will respond to you within the next 24 business hours, confirming the check in / out date and the rental price.


Important: Remember that on the day of Check-in, in the department, you must pay the pending "Payments" IN CASH and present yourself with your documents.


03 |RESERVATION OFFER. ADVANCE. ADHERENCE TO THE TRUST AGREEMENT

After completing the RESERVATION OFFER, a BUEPROP real estate broker will contact you within the next 24 business hours. He will attend to all your concerns. If you want to change some of the conditions established in the pre-sale or increase the% of the advance, you can propose it

Then, the day and time will be coordinated for signing the ADHESION TO THE TRUST CONTRACT and the "Payment" of the advance. This amount can range from 25% to 40% depending on each real estate development.


04 | SEATED SIGN

After signing the ADHESION TO THE TRUST CONTRACT and making the "Payment", your reservation will be transformed into a penitential sign, thus starting the beginning of the contract execution.


05 | FEE COMPONENTS

The fee is made by direct and indirect expenses, some of these are:


DIRECT

     • Value of the Land

     • Labor cost composed of materials and labor


INDIRECT

     • Various insurance

     • Indirect Expenses - Professional fees, rates, qualifications, etc.

     • Constitution of the trust, administration, land deed, etc.


In an assignment of fiduciary rights, the new adherent to the trust acquires the unit at the “DETERMINED COST” which is the result of the final cost study of the work at a fixed price.


06 | MONTHLY ADJUSTMENT INDEX

The index applied is the one prepared by the Argentine Chamber of Construction (C.A.C.) and is the one that best reflects the evolution of costs in Argentina.

It is published about the 20th of each time.


Link: http://www.camarco.org.ar/indicadores


07 | HOW IS THE VALUE OF THE MONTHLY FEE ESTABLISHED?

The fee is the result of the "DETERMINED COST" of the work. It is determined from a price list for each unit.

After paying the advance and deducting the amount of the possession, the resulting balance is divided by the amount of installments, thus resulting in the VALUE OF THE BASE FEE to which, it is adjusted by the index of the C.A.C.


08 | PAYMENT OF FEES

The "Payment" of the fees will be made until the 10th of each month through:


     • Deposit by bank transfer to the trust account in.

          Bank: ………………

          Current account: …………………

          CBU: …………………


09 | DELAY

In the event of default, compensatory and punitive interests established in the trust agreement will be applied. The reference index is prepared by the C.A.C.

In case of NOT regularizing the debt within the terms established in the adhesion contract, the Trustee is empowered to manage its collection, it can even go as far as its exclusion with considerable penalties.


10 | POSSESSION

Before taking possession, the Beneficiary must:


     • Pay the established percentage in advance.

     • Be up to date with the "Payment" of the agreed fees


To start the consortium, it is necessary to have the equivalent funds between 1% and 1.5% of the value of the acquired unit. These are:


     • Reserve fund: To start the operation of the administration.

     • Equipment fund: For the purchase of furniture for common use


Thus, you will agree to sign the certificate of possession.

Then the Trustee will deliver the purchased unit, along with the keys to the property in perfect working order, with all its accessories and free from intruders.


11 | DEED

The intervening notary public will be appointed by the Trustee who will be the one to intervene in all the legal acts necessary for the notarial and registry purposes of the trust.

Likewise, summon the Beneficiary to sign the title deed and the "Payment" of the corresponding expenses, fees, taxes and fees.


12. | DEED EXPENSES

The expenses for the delivery of the property and those that originate in the obtaining of the referred instruments will be in charge of the beneficiary.


13 | DEFECT IN THE DELIVERY OF THE GOOD

The Beneficiary has the obligation to expressly denounce within sixty (60) days from when the existence of the defect was manifested. Art. 1.054 CCC.


14 | EXPIRY DUE TO HIDDEN VICES

The liability for hidden defects for real estate expires three (3) years from receipt. Art. 1.055 CCC.


15 | RESPONSIBILITIES

The developer company is liable for ten (10) years before the Beneficiary for damages that compromise its solidity and for those that make it inappropriate for its destination. Art. 1.273 / 74/75 CCC.


16 | PRESCRIPTION

The term prescribes one year after the ruin occurred. Art 2.564 inc. c, CCC.



BUEPROP de Arq. Sergio Esquerdo CI. Nº: 7280 (CUCICBA) - Tel: +54 911 5760 0000 - French 2354 | C1125 AAF | CABA | Argentina