Navigate through our comprehensive FAQ to find detailed answers about property ownership, financial arrangements, and legal implications at The Valley Resort. Whether you’re considering investment opportunities or already own a property at our Resort, get the insights you need right here.
-
For a holiday home, payments should be made to Green Valley Resort Management & Hospitality SRL, using the following bank account details:
- RON: RO13INGB 0000 9999 1269 5940
- EUR: RO83 INGB 0000 9999 1269 5941
- Account: ING Bank.
-
The Fiscal Memorandum provides information on how VAT is regulated.
-
Your return is guaranteed at a fixed 8% according to the financial plan.
-
The fixed 8% return is guaranteed based on the contract, regardless of turnover.
-
For specific details on legislation in Romania, please refer to the Fiscal Memorandum.
-
You cannot make any alterations to the land or the house. All regulations are detailed in the internal regulation, which will be attached in the land book. The land can only be sold if the new buyers accept the same rules.
-
Information regarding how Romanian legislation affects foreigners is available in the Fiscal Memorandum.
-
The Owner grants exclusive rental mandate to the Lessor, who will rent out the Holiday Home solely on behalf of the Owner. The Owner is entitled to book with a discount for themselves or family members. The Holiday Home cannot be rented out or used by third parties without the Lessor.
-
Signing typically occurs at the notary’s office, with payment due at the time of signing as per the contract terms. Preselling contracts can be signed without the presence of a notary or lawyer and will be sent via post to the promissory buyer. Specific timelines and terms regarding contract signing are outlined in the agreement.
-
Yes, the owner can leave the house to someone else in testament, as long as the Certificate of Full Ownership (CF) is in their name.
-
Yes, the owner can sell the house at any time, provided that the new owner agrees to take over the existing contract.
-
The priority of GVRMH over other buyers in the event of a house sale needs further discussion.
-
Homeowners will retain their property and benefit from having already received a % of their initial investment back (yearly fixed 8% return) , which amounts to approximately €11,000/year. Additionally, due to inflation, the value of the house may have increased, providing an opportunity to sell at a higher price.
