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How is heat consumption metered in individual apartments?
A separate heat meter is installed in each residential unit.
Is a reservation of a real property always binding and subject to a fee?
No, a prospective buyer can reserve a property for up to 2 days without a commitment. This can be done in person, over the phone, or by e-mail, after a viewing or a meeting with...
What about contracts? What type of a contract do we sign?
With each client, we sign the type of contract that corresponds to the given stage of project implementation. That means that, at the beginning, we sign a property reservation agreement, then an agreement to conclude...
Are there any other ways of restricting disposals with a property?
Another type of restriction of disposal with real properties are easements, which, for example, establish the right of a third party (other than the owner) to use the property or the right of the owner...
Like most developers on Czech markets, GARTAL finances its projects with loans from reputable banks. This gives assurance to buyers that the construction does not depend on GARTAL’s fluctuating financial liquidity, coming from funds paid by buyers, and sufficient financing is secured from the very beginning for the construction and completion of the entire project. From the buyer’s point of view, this is the safest way to finance development, which is readily accepted by the mortgage banks of our clients – prospective buyers of properties in a specific project.
The money paid by buyers or their mortgage banks goes to a special project account controlled by the bank that has granted the project loan and GARTAL is not entitled to use the money. That way, the money cannot be abused for other purposes and is reserved exclusively for use in relation to the construction of the specific project.
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