Fully finished resale apartment 125m in Village Gate New Cairo

2 Bedrooms Apartment for Sale in Village Gate New Cairo

2    2
Reference: GB110660
EGP 3,100,000
Category:
Apartments / Sale
Type:
Flat
Price:
EGP 3,100,000 Cash
Price / Sqm:
EGP 24,800 Per Sqm
Finishing Status:
Super Lux
Area:
125 M2
Floor No.:
2
No of Floors:
Bedrooms:
2
Bathrooms:
2
View:
Landscape View
Allowable height:
The type of ownership:
Registered
Last Updated:
Wed 10 May 2023

As a lawyer, I can provide some general information about the legal aspects associated with buying or renting a property within a compound such as Village Gate in New Cairo, Egypt.

When purchasing or renting a property within a compound, one of the main considerations is ensuring that the developer has obtained all the required permits and approvals from local government authorities. This includes zoning laws and regulations, building codes and other requirements. Buyers should request copies of all relevant documents and permits to ensure they are dealing with a legitimate development.

There are two main types of contractual arrangements when it comes to purchasing a property within a compound: the ownership contract, which involves purchasing the property outright, or the lease agreement, which involves renting the property for a defined period of time. The terms and conditions of these contracts should be carefully reviewed to ensure that they’re in favor of the buyer or tenant.

Additionally, there may be other costs associated with owning or renting a property within a compound, such as maintenance fees, utility fees, and other expenses. It is important to review all of these costs carefully and ensure they are reasonable and within the buyer or tenant's budget.

Buyers who need financing to purchase a property in Village Gate, or any other compound, should explore the different financing options available to them. It is important to compare interest rates and other terms and conditions before making a final decision.

Furthermore, there may be various community agreements related to the use of shared facilities in the compound, such as swimming pools and gymnasiums, that all residents must be aware of. These rules and regulations can cover issues such as timings of usage, noise levels, and other community-related factors.

In conclusion, purchasing a property within a compound such as Village Gate in New Cairo, Egypt requires careful attention to detail, due diligence, and professional legal advice throughout the transaction. Buyers should take the time to understand all the legal aspects and requirements associated with their purchase to ensure a smooth and successful transaction.