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 GARTAL projects encumbered with loans for the financing of their construction?
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...
How is heat consumption metered in individual apartments?
A separate heat meter is installed in each residential unit.
Is it possible to buy an apartment for someone else, for example, for an underage child?
Yes, a person has the right to acquire property from his birth. This means that even a minor may own a property. Nevertheless, a child only becomes competent to enter into agreements upon coming of...
In the case of co-operative ownership, the purchaser owns a share in a housing co-operative, which guarantees him a right to enter into a lease agreement for an apartment, i.e., the right to use a specific apartment. The buyer, in this case the person acquiring a share in a co-operative, becomes a member of the housing co-operative which is the factual owner of the property in which the apartment (subject of lease) is located. A share in a co-operative can, just like an individually owned flat, be inherited, with the same treatment in estate proceedings.
In the case of a purchase of an individually owned property, the buyer becomes the direct owner of the property.
There are several advantages of co-operative ownership as compared to individual: