Hi Pinky,
I hope that you had a good holiday & a happy new year. As you all know that I pulled out some time ago but for my knowledge i keep on logging.
I would like to add to your points under there respective number.
1) What does Spanish representative means ?? Project management, Selling Agents, Has Fadesa sold the project on to them. etc, etc. As you may not know that Fadesa sold a part project in Calahonda to one investor, who later pulled out and to the best of my knowledge Fadesa is stuck with the indivual buyers are stuck.
2) The north of Morocco during its pre/post occupation by the Spanish there are no reliable records. In future some one could claim on the land. In most countries you can get an Insurance for it. I dont think Fadesa will go down this route as they are already doing you a favour by selling to you.
3) Why not now ? why manana.
4) in addition to the clauses, a prorata compensation clause should also be inserted.
5) Normal for Fadesa.
6) No comments, you will be lucky to get it.ITs not norm in Spain or Morocco to the best of my knowledge.
7) You will never get a reply nor the guarantee. Why cant they do a diminshing guarantee where every phase completed reduces the guarantee. So at the out set they give you 40%, so when the foundation is done it becomes say 30%, where roof are done say 20% etc.
No comments.
9) Havent we been here before.
I hope it helps