Office for Sale in Solas - New Capital By VOW Developments - Delivery Year 2023

As an attorney, I am happy to provide legal information about Solas, an upscale residential compound in New Capital, Egypt.

Solas is a gated community that offers luxurious villas, duplexes, townhouses, and apartments, with modern architecture and high-quality finishes. It spans an area of 26 acres, providing residents with ample green spaces, parks, and walking paths. Solas has a unique design with a grand clubhouse and stunning views of the city's skyline.

The compound offers recreational facilities such as swimming pools, a gymnasium, kids’ play areas, football fields, and much more, catering to the needs of every household.

When it comes to legal procedures, purchasing a property in Solas requires following particular legal steps to ensure a smooth transaction.

The first step is conducting due diligence, verifying that the developer has all necessary permits, licenses, and approvals to construct the project.

After completing due diligence, buyers can negotiate the terms of the purchase with the developer, including the sale price, payment schedule, and terms of transfer of ownership. This agreement must be documented in a sales agreement that both parties sign.

Once the sales agreement is signed, it must be notarized by a licensed notary public before it can be submitted to the Real Estate Registration Office for registration.

The buyer should subsequently obtain all essential legal documents related to the property ownership, including a copy of the property deed, certificate of ownership, and a property tax certificate.

It is vital to note that Solas has a homeowner association responsible for maintaining the community's security, ensuring that all amenities are up to standard, and a peaceful, comfortable atmosphere is maintained. Each resident is expected to be a member of the association and pay the monthly maintenance costs.

In conclusion, Solas is a prominent luxury compound that offers modern accommodation and recreational facilities to its residents in New Capital, Egypt. To ensure a secure transaction, it is essential to follow all legal procedures recommended by the Egyptian Government and have an experienced attorney who can provide legal guidance throughout the transaction process.