CFO
Document certifying that the works for which a building permit has been requested have been completed.
Energy rating
This index shows us how efficient our home is by means of a scale of letters ranging from A, to indicate the highest degree of energy efficiency, to the letter G, to indicate the least efficient buildings or homes.
Early cancellation
Termination of a contract in advance of the initially agreed expiration date. The cancellation may be total or partial, depending on whether the contract is totally or partially extinguished.
Invisible climate control
It is to heat and cool the environment of a building or room invisibly. Air conditioning through radiant surfaces offers a series of advantages such as: - High level of thermal comfort. - Energy savings compared to other more conventional methods. - Invisible installation.
Community of owners
It is formed by all the owners of dwellings, premises and any other unit that make up a building.
Deposit agreement
Also known as an advance payment, it is a private contract where the parties agree to reserve the purchase and sale of movable or immovable property, giving as proof an amount of money as a down payment.
Signal contract
Also known as "reservation of a property", "reservation" or "signal", it is a formal agreement that legally commits both parties, seller and buyer, to make effective the purchase and sale of a property, once it complies with all the technical and habitability characteristics expected of it.
Reservation contract
The reservation contract gives the buyer a preferential right to purchase a property, for a certain period of time, in exchange for paying a deposit in the event that the construction is finally completed. During the reservation period, the developer blocks the marketing of the property in favor of other persons.
Cooperative
Grouping of people who join together to assume the costs of buying a home together to get the best possible qualities and prices without relying on an intermediary.
Fixed rate loan
It remains constant throughout the life of the contract so there is no uncertainty about the amount of future installments. In fixed-rate loans, the interest rate is usually higher than in variable-rate loans.
Variable rate loan
The rate is modified throughout the life of the loan according to the evolution taken as a reference and is usually expressed as the sum of the index and a constant percentage.
True body
The concept of "True Body" is that the price is acquired as a unit and for a single price. Therefore, any discrepancy in the surface area that the buyer may have will have no legal significance.
Certificate of occupancy
Document that certifies that a dwelling meets the minimum technical and hygienic-sanitary requirements, so it is necessary to contract services and supplies and sell or rent it.
Cadastre
Official registry of real estate with information on its location, use and value.
LEED Certification
Evaluation system for sustainable construction.
Contract of sale
Legal document that formalizes the transfer of ownership.
Change of use
Legal modification of the use of a property (e.g., from premises to dwelling).
Participation ratio
Percentage that represents the proportional part of each owner in a community.
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