TERMS & CONDITIONS

Facilities management
The developers will establish a separate independent facilities management company to manage the property. Their responsibilities will include general repair and maintenance; refuse collection, gardening and security.  There will be a monthly fee applicable to residents for upkeep and maintenance.
 
Lease agreement
Homes in Primrose Place will be sold on a 45 year lease with an option to renew for another 50 years. Draft lease agreements will be provided upon request by our lawyers, Oxford & Beaumont Solicitors.
 
Payment terms
10% of the purchase price will be required as a commitment to purchase upon submission of a signed reservation form.
 
A further payment of 30% of the purchase price shall be required within 30 days or upon execution of the Sales/Purchase Agreement, whichever is earlier.
 
Another 30% of the purchase price shall be required within 6 months of signing of the Sales/Purchase Agreement unless the buyer intends to obtain a mortgage in which case proof of a pre-approved mortgage from a reputable financial institution shall suffice.
 
The final 30% of the purchase price shall be paid upon completion and handover of the apartment, or in the case of the buyer obtaining a mortgage then payment in full from the mortgage provider shall be required less the initial 40% paid as at that date.