What is Act 16/Operation permit? "Act 16/Operation permit" means the certificate for entering into exploitation of the Development issued by the competent authorities after examining the completeness of the construction papers.… Read

What is Protocol (Deed 15/Act 15)? "Protocol (Deed 15/Act 15)" means the conclusive deed, drawn up and signed by the participants involved in the construction works: the designer of the Design, the constructor, the engineer,… Read

What is Protocol (Deed 14/Act 14)? "Protocol (Deed 14/Act 14)” means the conclusive deed, drawn up and signed by the participants involved in the construction works: the designer, the constructor, the engineer and etc., which establishes… Read

What is the meaning of Permits according to the Bulgarian law? "Permits" means any consents, permits, verifications, licenses, acts and protocols during the construction works, reports andregistrations, necessary for starting and completion the construction… Read

What is the meaning of Architect’s drawings or designs according to the Bulgarian law? “Architect’s drawings/designs” means the investment designs in their completeness, including drawings, an explanatory note, calculations, which are coordinated and approved by the competent authorities… Read

What is Handover date or Delivery date? "Handover date/Delivery date" means the specified by the Parties date after signing the Notary Deed, on which the executed construction works and the possession of the Apartment are to be handed… Read

What is Protocol? "Protocol" means the protocol, which is to be signed by the Buyer and the Seller and which proves the handover of the completed construction works, the Stage of completeness of the Apartment… Read

What is Purchase price? “Purchase price” means the amount set forth in the Preliminary agreement, payable within the time limits and in the way as set forth in the Preliminary agreement and which price shall be included… Read