Establishment of Premature Quantities Insurance
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| It is a modality of the caution insurance in which the drawee is the physical or juridical person that carries out a promotion of housings, and the insureds are the buyers of this housings. As it determines the Ordinance - Law 2114/1968 and the Law 57/1968, all the physical or juridical people that promote housings, garages and linked junk room, of Official Protection, to Appraised Price or of Free Rent, they will subscribe a policy of sure of caution for the one that is guaranteed to the buyers that the quantities that these they will give to the promoters, previously to the delivery of the housings, garages and junk room, they will be returned them in the event of not being made the construction of the same ones, or if this construction is carried out in terms different to the conventional ones among the parts in the sale and purchase contract. |
| The LAW 38/1999, of November 5, of Ordination of the Construction (it dates of entrance in vigor: May 6 2000) reminds to the promoter the obligation of guaranteeing the refund of the quantities that perceives in advance to the delivery of the housings. The tickets for nonfulfilment to that refers the first paragraph of the article 6 of the mentioned Law, will be imposed by the autonomous communities, in quantity, for each infraction, of up to the 25 for 100 of the quantities whose refund should be assured or for that prepared in the normative characteristic of the Autonomous Communities. |