Situation:
Our client, the development company ABC Ltd., successfully completed the construction of a modern apartment building comprising 50 residential units and commercial premises on the ground floor. The next step was to sell the individual units and commercial spaces while also liaising with clients and their banks regarding the financing of the purchases.
Client’s Request:
The client requested comprehensive legal support for the sale of the residential units and commercial premises. The goal was to ensure a smooth sales process, including negotiations with buyers and their banks, and to minimize the legal risks associated with the transactions.
Our Solution:
Preparation of Contractual Documentation: We prepared all necessary contractual documents, including purchase agreements and escrow agreements. We also reviewed mortgage agreements.
Negotiations with Clients: We represented the client in negotiations with prospective buyers, provided legal advice, and responded to their inquiries regarding the legal aspects of the purchase and modifications to the purchase contracts.
Cooperation with Banks: We coordinated the financing process with the buyers’ banks, ensured that all necessary documents were in order, and that all requirements for proper registration of mortgage rights in the Land Registry were met.
Dispute Resolution: In case of any legal disputes or complications, we provided legal support and represented the client in negotiations with buyers.
Result:
Thanks to our legal support, the client successfully sold all residential units and commercial premises within the planned timeframe. The sales process ran smoothly and without major complications, resulting in high satisfaction from both the client and the buyers. The client appreciated our professionalism and efficiency and plans to continue working with us on future projects.