2 Bedrooms Apartment for Sale in Bleu Vert New Capital By SED - Delivery Year 2024

Introduction

Bleu Vert is a modern residential compound located in the Sixth of October City in Egypt. The compound offers a range of housing options, including semi-finished apartments for sale on installments. As a lawyer, it is important to be familiar with the legal framework surrounding the sale and purchase of real estate properties in Egypt.

Legal Framework

Egypt's regulatory framework covers the sale and lease of real estate property and is governed by Law No. 144 of 2006. The law regulates the sale of movable and immovable properties and requires that the seller provides detailed documentation to the buyer regarding the property's location, specifications, size and design. The documentation should be clear, unambiguous, and free of errors or misleading information.

The buyer has the right to verify the information provided in the documentation and request clarification or additional details from the seller or the relevant authorities. Once both parties agree on the terms and conditions of the sale, they can proceed to execute the transaction.

Buyer's Rights

The buyer of a Bleu Vert semi-finished apartment has certain rights that are protected by the law. The buyer is entitled to receive a copy of the sales contract before signing, the right to cancel the contract within a specified timeframe if they change their mind, and the right to receive the property in the condition and specifications agreed upon in the contract.

The buyer should also verify that the property has fulfilled all legal requirements, including any permits or approvals required for construction, and ensures that there are no legal disputes or encumbrances on the property.

Seller's Responsibilities

The seller of the Bleu Vert semi-finished apartment is responsible for providing the property in the condition and specifications agreed upon in the sales contract. The seller must ensure that the property is free of any defects or issues that may affect its value, safety or condition.

The seller should disclose any known issues, disputes or encumbrances affecting the property, and complies with all relevant laws and regulations.

The seller is also responsible for providing the buyer with all necessary documents, permits and approvals, warranties, and insurance coverage required.

Conclusion

In conclusion, the sale of a semi-finished apartment in Bleu Vert under installments fall within the legal framework of real estate sales in Egypt. As a lawyer, it is critical to have a full understanding of the legal framework and obligations of all parties involved in the transaction. This ensures the provision of accurate and sound legal advice to clients based on their property needs and requirements.