But how often do we read in the mass media about deception of so-called shared-equity investors! So, shared-equity construction has two sides of the coin and two glories. Alas, one of them is bad. Risks, guarantees, opportunities to acquire housing – how not to make a mistake and make the right choice? Let's think.
First, shared-equity construction and your participation in it must be codified. This means that your relationship with the developer (as well as the rights and obligations of both parties) must be fixed in an official contract. Among the developer's obligations are the construction of an apartment building, in our case a new building in Minsk, and its commissioning with subsequent transfer to the investor of the space purchased by him. The participant in shared-equity construction is obliged to pay the price fixed in the contract and accept the premises.
New buildings in Minsk from a developer do not become a problem if the latter is a legal entity owning the land plot allocated for construction. This aspect should be given special attention: you have every right to demand from the developer the relevant documents to verify.
As for the investors, they essentially act as investors in the construction. And the contract on their part can be considered an investment one. But this does not mean that your rights will not be protected. It's just that such a contract is regulated not so much by general norms as by separate legislative acts. And these acts have certain conditions. So, if you are interested in new buildings in Minsk, it is important to understand the following.
The subject of the contract should be a specific object that will be handed over to the investor after construction. The subject of the contract must be fixed in the project documentation.
Further. The contract must contain strictly defined deadlines for transferring the object to the investor, confirm the price and payment procedure.
Another important aspect: a document in the form of a contract with the developer's seal is not yet a contract. A shared-equity construction contract is subject to mandatory state registration. When investing substantial amounts in construction, you simply need to ensure that this registration exists. Otherwise, as they say, there's no recourse.
Do not make mistakes and get housing without losses!
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