After more than 45 years, it has now become necessary to update the Civil Code and the Grand Ducal Regulation of 24 February 1977 implementing Article 1601-5 of the Civil Code in order to guarantee optimum protection for purchasers of a property being sold in a future state of completion.<\/p>\n
Few changes are necessary; we propose :<\/p>\n
\u2705 Requiring purchasers to be better informed of both their rights and their obligations before the deed of sale is signed.<\/p>\n
\u2705 Impose strict compliance with ART 1601-9 of the Civil Code :<\/p>\n
\u2795 ensuring that the seller can only invoice purchasers after the state of progress has been validated by a member of the OAI – Ordre des Architectes et des Ing\u00e9nieurs-Conseils<\/a> or another approved professional.<\/p>\n \u2795 ensuring that the land’s share of the total VEFA sale price cannot exceed 10%, unless the seller can justify a higher cost price or completion value.<\/p>\n \u2705 Ensure that the specifications are as detailed as possible, avoiding vague wording.<\/p>\n EuroCaution can propose immediate solutions to its clients, such as including the eventual reimbursement of the Land in the completion guarantees.<\/p>\n Read the entire article<\/a> by Vanessa Lomoro<\/a>, Counsel and Avocat \u00e0 la Cour at DSM Avocats \u00e0 la Cour<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" After more than 45 years, it has now become necessary to update the Civil Code and the Grand Ducal Regulation of 24 February 1977 implementing Article 1601-5 of the Civil Code in order to guarantee optimum protection for purchasers of a property being sold in a future state of completion. Few changes are necessary; we […]<\/p>\n","protected":false},"author":14,"featured_media":3802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualites"],"acf":[],"_links":{"self":[{"href":"https:\/\/eurocaution.eu\/en\/wp-json\/wp\/v2\/posts\/3800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eurocaution.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eurocaution.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eurocaution.eu\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/eurocaution.eu\/en\/wp-json\/wp\/v2\/comments?post=3800"}],"version-history":[{"count":2,"href":"https:\/\/eurocaution.eu\/en\/wp-json\/wp\/v2\/posts\/3800\/revisions"}],"predecessor-version":[{"id":3811,"href":"https:\/\/eurocaution.eu\/en\/wp-json\/wp\/v2\/posts\/3800\/revisions\/3811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eurocaution.eu\/en\/wp-json\/wp\/v2\/media\/3802"}],"wp:attachment":[{"href":"https:\/\/eurocaution.eu\/en\/wp-json\/wp\/v2\/media?parent=3800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eurocaution.eu\/en\/wp-json\/wp\/v2\/categories?post=3800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eurocaution.eu\/en\/wp-json\/wp\/v2\/tags?post=3800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}