Payment schedule for 30 – 30 – 30 – 10% option

Item	Deadline	Amount Due
Payment part	Payment is due following the signature of “purchase intent” declaration, before sales (pre)contract.	500,000 HUF
Payment part	Maximum of 8 (eight) workdays following the signature of the sales contract.	30% of gross purchase price less 500 000 HUF
Payment part	Maximum of 5 (five) workdays following 60% readiness notice. Expected date: July 15, 2021.	30% of gross purchase price
Payment part	Maximum of 5 (five) workdays following 90% readiness notice. Expected date: January 15, 2021.	30% of gross purchase price
Payment part	Latest on the date of technical acceptance Expected date: April 15, 2022.	10% of gross purchase price

The payment plan above is valid for purchases with down payment only.

 

In the event of a bank mortgage, CSOK () or LTP, we are more than happy to incorporate these elements into the sales contract. These elements of the payment plan will always be following the down payment part in terms of timing.

 

Costs above the purchase price:

1. Land registry fee

After signing the sales contract, the contract itself needs to be submitted to the Land Registry Office. This has a one-time fee of 6,600 HUF / land registry number.

Following receipt of the full purchase price, the investor will submit its declaration to transfer deed to the property to the Land Registry Office, where the buyer will be transferred ownership rights to the property. This has a one-time fee of 6,600 HUF / land registry number.

2. Legal fee

The legal fees are included in the price of the property as indicated in the price list.

 

3. Property tax

The following discounts can be applied in the event of newly built properties, which need to be claimed on Hungarian Tax Office form B400 at the time of final sales contract signing:

• If the gross purchase price of the apartment is below 15,000,000 HUF, the purchase is exempt from property taxes.
• If the gross purchase price of the apartment is between 15,000,000 and 30,000,000 HUF, there is a 4% property taxes on the part above 15,000,000 HUF.
• If the gross purchase price of the apartment is above 30,000,000 HUF, there is a 4% property taxes on the entire sales price.
• There is a 4% property tax on full purchase price of parking spots and storage rooms, i.e. there is no discount in this case.