Rental or sale of building

Property manager letter: at the request of owner/broker/notary, we provide a property manager letter within 15 days with, among other things, working capital, reserve capital, any arrears, ongoing procedures, major works and minutes of the last 3 years.

• Monthly provision are advances. Look especially at effective costs in the annual settlement.
• Reserve capital: useful for older buildings with future costs; can be found in balance/minutes.
• Distribution keys: not every unit pays everything (e.g., ground floor and elevator costs).

• As buyer, provide your details (contact/address) to us via email.
• We confirm the sale after receipt of the notarial certificate.
• Buyer insures own contents; block policy is in the name of the VME.
• Advances (advances) are not split; settlement is done via the annual settlement.
• Guarantee fund (permanent working capital) is settled between seller/buyer on the next annual settlement.
• Annual settlement is distributed pro rata according to ownership days in the fiscal year.

Note: the annual settlement after sale can only follow more than a year later, depending on fiscal year and timing.

• Clear contract (price in installments, terms, compensation for delay).
• Payment follows progress of completed works; no payments before agreement.
• Solvency guarantee from the contractor (Breyne Law guarantee).
• Delivery in 2 phases: provisional and final (minimum 1 year in between).

Your notary will advise you further on the application.

• The property manager can, with authorization from the AGM, carry out the provisional delivery; preferably together with the board of co-ownership and/or a building expert.
• Visible defects are recorded in the report and resolved as soon as possible by the construction parties.
• At least one year after provisional follows the final delivery; ten-year liability of construction parties applies to serious defects.