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miércoles, 30 de marzo de 2011

BANK GUARANTEE COVERS LEGAL INTEREST, WHICH CANNOT BE WAVED


Many buyers from San Jose and Herrada del Tollo who got their deposits covered by a Guarantee from SGR accepted to recover the principal and sing a relinquishment agreement for the legal interest.
The art. 7th of the 57/68 Act establishes that the rights that the law establishes for the buyers cannot be WAVED. In addition, the artícle 1st states that the developer must give to the buyer a bank guarantee which covers principal plus LEGAL INTEREST.
Therefore, the right to get the legal interest paid is ruled by the law, so it cannot be waved. This means that any relinquishment document is against the law and void.
Should you have further questions, please do not hesitate to contact me.

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