Buying process

Once you have decided on your ideal apartment, we will provide the necessary documentation for your review and signature.

• AML Questionnaire
• Reservation Agreement
• Future Purchase Agreement

AML = Anti-Money Laundering

In accordance with Act No. 253/2008 Coll., on Selected Measures against Money Laundering and Financing of Terrorism, we are required to request a completed AML questionnaire from all clients. To fulfill these legal obligations, we also require a copy of your identification and a declaration regarding the source of funds intended for your property purchase.

The Reservation Agreement is signed in person at our offices.

The total purchase price is structured into three standard installments:

1. Fixed Reservation Fee: 200,000 CZK (incl. VAT).
2. Initial Deposit: A minimum of 20% of the total purchase price.
3. Final Balance: The remaining 80% of the total purchase price.

For clients who opt for an upfront deposit of at least 90%, we provide exclusive preferential pricing tailored to your investment.

Following the signing of the reservation agreement, the fixed reservation fee of 200,000 CZK (incl. VAT) is due within five business days.

Upon the execution of the Future Purchase Agreement, the reservation fee is fully applied toward the total purchase price or the initial deposit.

Once the reservation fee is paid, the apartment will be reserved in your name for a period of 45 days.

During this period, we will invite you to sign the Future Purchase Agreement. If you intend to finance your home through a mortgage, all preliminary arrangements with your bank should be finalized by this stage.

This agreement specifies the timelines, construction conditions, and procedures for the handover of the apartment in greater detail.

By signing this agreement, we formally commit to entering into the final purchase agreement once the deposit has been paid. We further undertake to define individual ownership rights for each unit through the official declaration of ownership. On your part, you agree to provide all documentation related to your mortgage financing, certain elements of which will be subject to our approval.

The down payment represents a minimum of 20% of the total purchase price and is due within 7 days of signing the future purchase agreement.

The down payment will be reduced by the 200,000 CZK (incl. VAT) reservation fee already paid. The remaining balance must be transferred to our bank account from your personal account held within the EU, the UK, or Switzerland.

Upon completion of construction, the project undergoes the final building approval process, where the building authority officially certifies the property for occupancy.

The building authority will then grant the final occupancy permit, which becomes legally effective within the statutory timeframe.

Following the occupancy permit, a pre-handover inspection will be conducted to identify and document any defects and to allow for precise measurements for built-in furniture.

The pre-handover inspection may take place before the occupancy permit becomes legally effective to ensure the fastest possible move-in date. You will be notified of your inspection date at least 7 days in advance.

We will invite you to sign the purchase agreement no later than 60 days after the occupancy permit becomes legally effective.

The purchase agreement will then be signed by both parties within 15 days of the invitation.

The remaining balance, amounting to a maximum of 80% of the total purchase price including VAT, is due within 10 days of signing the Purchase Agreement.

The exact amount will be determined based on the final settlement of the down payment and the reservation fee already paid. The remaining balance must be paid to our bank account from your bank account held in the EU, the UK, or Switzerland.

The apartment will be handed over to you no later than 20 days after the purchase agreement is signed and the remaining balance of the purchase price is settled.

You will be notified of the handover date 7 days in advance. Upon the handover and acceptance of the apartment, we will jointly sign a handover protocol, which will include the necessary documentation for the transfer of utility contracts.