Verification of a development contract may cover basic parameters (basic report) or comprehensive analysis of all aspects of the investment (full report).
Below you can find standard variants of a verification report:
The basic report includes:
The full report is recommended in the event of doubts regarding the legal status of the property or the developer’s credibility, as well as in the event of purchasing more than one premises:
The full report and negotiations include:
Concluding an agreement with a developer is a significant decision regarding an investment worth at least several hundred thousand zlotys, often financed with a bank loan, therefore it should always be preceded by analysis of the development agreement.
The cost of analyzing an agreement depends on how much time it will take to review and correct the documents. Exact costs are always provided before we start working on the case, when I review the sample of the development agreement.
Standard variants of analysis reports are:
1). Basic report
The basic report covers all the necessary steps to minimize legal risks that are most often associated with development agreements.
2). Full report
The full report provides a more detailed verification of the legal status of the development project, therefore this option is recommended especially in case of doubts regarding the legal status of the property, investments planned nearby or the credibility of a certain developer.
Detailed analysis will also be a recommended solution in case of buying more than one apartment or if it turns out that the developer has a history of unsuccessful investments.
3). Full report and negotiations
The full report and negotiation includes a detailed examination of the development project and negotiation of the price and terms of the agreement with the developer.
After verifying the development agreement, I provide:
After that, I explain proposed changes and answer your additional questions.
Yes, the entire document verification process can be done remotely (by phone and email).
Every developer provides a draft development agreement, prospect and all other documents upon buyer’s request as it is their legal obligation.
You should ask the developer to provide the development agreement and other documents.
In most cases it is possible to make changes to the development agreement. Everything depends on what kind of changes we propose and how we explain the necessity of their implementation.
Usually documents are verified within 2 working days. The exact date is agreed individually.
In some cases the analysis of a development agreement and negotiations with a developer cannot wait even 2 days. In urgent cases, after prior agreement, it is possible to prepare documents in a shorter period of time.
Feel free to contact me, I will explain all the details and provide a list of necessary documents.
