Continuing a topic of the relations correct registration between investors and the builder we continue to inform about legal niceties of such relations possible options registration within a “Construction scam”special project.
We have already said about how to arrange the agreement of share participation, the purchase and sale provisional agreement. Today it will be an interaction features question between the builder and the investor at a stage of the relations documentary registration. In other words, it is a security purchase and acquisition of property rights at Fund of financing of a construction.
Rather reliable method of investment into a real estate object under construction is the conclusion of the contract with Fund of financing of a construction.
Let’s remind that fund of financing of a construction is the person which financial institution created. Its purpose of activities is the private investor’s financial resources attraction, the organisation of a construction and control over the builder.
As practice shows, the similar method of investment is rather reliable because state bodies activities controlled the financial institutions carefully. However, the performance of laws depends on contractors and to a lesser extent on the legislator.
As well conditional “reliability” of a construction financing fund depends generally on the decency of the manager (financial institution) who created a similar fund.
There are materials on the Internet which colourfully describe the reliability of the investor’s rights investments if to invest financings of a construction in a fund. Having understood a situation, Lawyers Daily speaks about what they try to hold back. It is the following:
You can answer on a question how the above-stated factors influence of the investor rights observance in such way: “Most of the builders protect the interests. It is quite explainable. The investor can always refuse the conclusion of the contract with fund”.
We pay your attention to:
the builder and fund are interested in the sale of apartments much more than the investor is interested in their purchase.
It is explained by quite a wide choice of builders and construction objects in our capital. It means that during negotiations with a construction financing fund is quite possible to reach a certain balance between the rights of the investor and his obligations.
The private investor risks refers the following:
Summing up the results, we note that in comparison with other methods of investment, the conclusion of the contract with a construction financing fund looks rather reliable. However, we ask not to forget that one who acts as the manager of the fund and builder plays a key role here.
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