Off-plan & oplevering
Practical Completion (Substantial Completion)
Definitie
Deze uitgebreide antwoorden worden door ons adviesteam in het Engels gepubliceerd.
The stage when construction is substantially complete and the property is ready for occupancy, though minor finishing works may remain. Practical completion triggers the start of loan disbursement for mortgages and may allow buyer occupation. It differs from final completion, which includes all snagging remedies.
Waarom Practical Completion (Substantial Completion) ertoe doet
Practical Completion (Substantial Completion) bepaalt mede de transactiestructuur, juridische naleving, financieringsvoorwaarden, rendementen of eigendomsrechten in Dubai. Wie het begrip goed kent, beslist als koper, investeerder of huurder met vertrouwen en beschermt zijn belangen in elke fase.