S.L. 573.18 · Redemption Of Temporary (S.L. 573.18)
S.L. 573.18 Art. 15Transitory provisions. 10 [S.L. 11 €7,000 €2,000 of the deed - €1,000
(1) Applicants having pending applications for redemption which were submitted under previous schemes upon the coming into force of these regulations may opt to transfer their application in order that they may be regulated in terms of these regulations at any stage prior to the signing of the deed. Furthermore, any Type A redemption application shall be subject to a reduction on the redemption price equivalent to the difference between the two (2) application fees.
(2) Applicants who have already concluded a contract of redemption in accordance with previous schemes shall have the right to carry out subsequent transfers in accordance with the provisions of these regulations.
(3) Cancellation of hypothecs arising from previous schemes shall be contingent to the payment of the deposit of the additional payments resulting from these regulations equivalent to three per cent (3%) of the selling price.
(4) The notary publishing the deed of the subsequent transfer shall collect these additional payments.
(5) Any concluded processes under previous schemes, including the cancellation of the hypothec shall be excluded from these regulations.
Schedule I (regulation 8)
Groundrent Payable and the Corresponding Redemption Prices for Applications Submitted with regard to Type A redemptions
Euro Euro Price of Redemption 0 to 5 1500 5.01 to 10 2500 10.01 to 20 3500 to 30 4500 20.01 SCHEME AND SUBSEQUENT FULL OWNERSHIP OF 573.18 RESIDENTIAL GOVERNMENT PROPERTY
30.01 to 40 5500 40.01 to 50 7000 50.01 to 60 8000 60.01 to 70 9000 70.01 to 80 10000 80.01 to 90 11000 90.01 to 100 12000 100.01 to 110 14000 110.0 to 120 15000 120.01+ 16000
€1,000 per garage or parking space
Note: the garage or parking space must either be interconnected with the residence or fall within the same emphyteutical concession.
Schedule II (regulation 9)
Annual groundrent payable and the corresponding redemption prices for applications submitted with regard to Type B redemptions which inter alia include: properties used as other residences, vacant properties, and properties which were granted on a temporary emphyteutical concession as a single residential unit and that have already been developed into multiple units.
Euro Euro Price of Redemption 0 to 5 4500 5.01 to 10 5500 10.01 to 20 6500 20.01 to 30 7500 30.01 to 40 8500 40.01 to 50 1000 50.01 to 60 11000 60.01 to 70 12000 70.01 to 80 13000 80.01 to 90 14000 90.01 to 100 15000 100.01 to 110 17000 110.0 to 120 18000 120.01+ 19000
€2,000 per garage or parking space
Schedule III (regulation 10)
Redemption Prices for Applications Submitted with regard to Type C redemptions
Redemption price per unit or apartment Redemption price per garage or parking space Original Certificate of Redemption provided by the Authority upon signing Amended Certificate of Redemption
Schedule IV (regulation 6)
Application Fees
Categories Application fees - € per unit or garage or parking space Type A redemption residential unit 500 garage or parking spaces 150 Type B redemption residential unit 1,000 garage or parking spaces 250 Type C redemption The first five (5) residential units 1,000 additional units 250 garage parking spaces 250