Quote:
Originally Posted by chrisandchris
We have just returned from Portugal and visited Monte Santo a couple of times. It is looking fantastic and pretty close to completion. Quite a few of the apartments had been rented out but it didn't appear to be the case with the townhouses. We had a meeting with Azy who said that the resort is a touristic development - which concerned us as we bought freehold two years ago and are not tied into any rental agreement (intending to rent privately). Azy then said that it depends what is in your promissory contract. We haven't bought into the furniture package although they have put it into our townhouse!! It is as described on previous links as orange/beige with white 'aged' furntiture.
When asked about the official opening Azy said that there was no set date as they hoped to sell more of the townhouses first. He did say that the title deeds were ready but solicitors and Portugal generally grinds to a halt in August, so nothing is expected to progress again until September.
Azy has now left the company and has been replaced by Cristina who can be conacted at
cristina dot leal @ imocom-grupo dot com.
Hope this helps.
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Hi Chris & Chris,
I shared your concern about what the touristic license actually mean't in terms of renting privately. I am currently in the rental agreement but may not always want to be so. I quizzed the lawyers on this one as well as Azy. I am advised that there is a disagreement in the interpretation of the law as it currently stands. Azy's company interpret the law, in relation to the touristic license, as giving them full authority over all rentals on the site. My lawyer believes this interpretation to be incorrect and that I would not need their permission to rent the apartment out on my own. He also mentioned that new legislation was on the cards which would reinforce his argument.
I would suggest you speak to your lawyer. If I get any more information on this I will let you know.
Regards
Rich.