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

What is the meaning of Service Areas according to the Bulgarian law? "Service Areas" means the areas situated on the Site, which may represent separate units in the Site, owned by the Seller or a third party, and the areas situated on the External Areas designated… Read

What is the meaning of External Areas according to the Bulgarian law? What is the meaning of External Areas according to the Bulgarian law? "External Areas" means all those areas located upon the Land Plot within the Complex but outside the Site. Read

What is the meaning of Common Areas of the Site according to the Bulgarian law? Common Areas of the Site means all those areas within the total built-up constructed area of the Site, below the surface and above (including any structures, additions, amendments and modifications thereto… Read