What is Notary Deed? "Notary Deed" means the notary deed for the sale-purchase of the Apartment between the Seller and the Buyer, which the notary shall deliver for registering before the Registry Agency immediately… Read

What is Stage of completeness? "Stage of completeness" means the stage of construction, installation and finishing works, accomplished in the Apartment, including the class of interior, furnishing and equipment, as agreed… Read

What is the meaning of Latent defects according to the Bulgarian law? “Latent defects” means the defects, which cannot be detected by the Buyer by way of a regular inspection of the Apartment. Read

What is Act 16/Operation permit? "Act 16/Operation permit" means the certificate for entering into exploitation of the Development issued by the competent authorities after examining the completeness of the construction papers.… Read

What is Protocol (Deed 15/Act 15)? "Protocol (Deed 15/Act 15)" means the conclusive deed, drawn up and signed by the participants involved in the construction works: the designer of the Design, the constructor, the engineer,… Read

What is Protocol (Deed 14/Act 14)? "Protocol (Deed 14/Act 14)” means the conclusive deed, drawn up and signed by the participants involved in the construction works: the designer, the constructor, the engineer and etc., which establishes… Read

What is the meaning of Permits according to the Bulgarian law? "Permits" means any consents, permits, verifications, licenses, acts and protocols during the construction works, reports andregistrations, necessary for starting and completion the construction… Read

What is the meaning of Architect’s drawings or designs according to the Bulgarian law? “Architect’s drawings/designs” means the investment designs in their completeness, including drawings, an explanatory note, calculations, which are coordinated and approved by the competent authorities… Read