Bulgarian
Dreams > Bulgaria
Real Estate Agents > Buyers
Guide
Reservation Agreement Form
Having checked the apartment you want is available,
either download the form from the website or we
will fax you one.
A copy of the reservation agreement is available here.
Having completed the form, fax back the document
to our London office on +44 (0)20 7374 4630.
At the same time then post the completed form
along with your reservation fee of £1000/€1500
made payable to ‘Berkeley Square
Trading Limited’.
Note: Your reservation fee is non-refundable. It will
however be deducted from the purchase price of your
property upon receipt of the first instalment.
Preliminary Contracts
You will receive a preliminary contract of sale
and management contract. Sample drafts are included below:
| Preliminary Contract |
Management Contract |
We aim to get contracts issued within one week of receipt
of your reservation fee.
Please check all the details are correct before
signing both copies.
Return these documents to our London office along
with your initial instalment as detailed in the contracts
within 15 days.
Please note we accept payments by both bank transfer
and cheque.
Should you wish to arrange an inspection trip,
we would be more than happy to assist you.
Construction Phase
We regularly update our website with construction
updates throughout the build process. This will allow
you to monitor the progress of your property.
Usually there is one or more interim instalment
payments to be made prior to full completion of the
property.
We will advise you in good time of estimated dates
for interim instalments.
Approximately one month prior to completion will will send you a pre-completion property pack. This includes details of recommended legal representatives, furniture options, rental arrangements, recommended insurance companies and more.
Final Completion
Prior to all construction being completed, you
will be notified when your final instalment is due.
Upon completion of the property and payment of
the final instalment, the transfer of title can take
place.
In Bulgaria, the property registry system works
in conjunction with local Notaries.
In order to take delivery of your property, you
will need to sign the ‘Notary Act’. This
is a standard form document transferring
ownership of the property into your name.
Due to the importance of the notary act, we will liaise with you to appoint a legal representative to aide you with the completion process. Legal costs for this are approximately €650.
You will receive title deeds within one month of the Notary Act from the local council.
Note: If you are unable to attend the Notary Act in
person, your legal representative may attend in your
place. This individual will need to be a qualified Bulgarian
solicitor in possession of a ‘Power of Attorney’
agreement. We are able to liaise with you to arrange
this.
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