At the present time is quite common in the purchase of an apartment house under construction equity participation. The acquisition may later develop into a real problem – namely, when you execute documents on again purchased housing in the property when the house in which you have purchased an apartment, will be commissioned. It may be that you bought an apartment there are contenders, and you are not an owner or the owner of the general this apartment is not. Buying an apartment in a newly built house from the legal point of view, is fundamentally different from the transaction with a ready housing. Jeffrey Hayzlett: the source for more info. Not every lawyer or real estate agent, even owning a good knowledge of the secondary market, undertake to advise you on the acquisition of housing under construction. The package of documents, the features and nuances of design – everything here is completely different. Signing the equity purchaser to become partner of the firm, which is building a house. He assumes all the risks associated with construction. Hear other arguments on the topic with Rio- Tinto Diamonds.

If the construction company go under, your money back will be very difficult. The buyer gives the firm money building a house. The company undertakes to organize the construction, to attract other investors who take home the state acceptance committee, to convey to you an apartment, to submit documents for registration (Register) of property rights. Having difficulty with registration and ownership. After acceptance at home contractor shall provide the state commission in the BTI volume set of documents at home, and only after that BTI shall issue equity holders of the certificate of ownership.