ESSENTIALIA NEGOTII OF THE DEVELOPER AGREEMENT
Journal Title: Annuals of the Administration and Law - Year 2013, Vol 1, Issue 0
Abstract
The Sejm of the Republic of Poland has passed on 16.09.2011 the act on the protection of buyers of residential premises and single family houses (Journal of Laws, number 232, item 1377), hereinafter referred to as the developer act. It specifies in a comprehensive manner the content of the developer agreement, mutual laws and duties of each party, principles and modes of concluding it and the manner of performing it as well as the responsibilities of parties in the case of failure to perform them or their improper performance. It introduces strong protection of rights of persons purchasing residential premises or single family houses from developers i.e. residential trust accounts and information prospectus, the act also equipped natural persons in effective means of protection of their interest in the case of developer’s bankruptcy. It is also of key importance that the developer agreement has to maintain the form of a notarial deed, this agreement obliges the developer to transfer upon the buyer the ownership of the residential premises or single family house after it is built. This agreement constitutes the basis to the entry into the land and mortgage register of the claim to transfer onto the buyer the ownership of the real estate.<br/><br/>
Authors and Affiliations
Dorota Matyjaszek
Keywords
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- EP ID EP599613
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