Cooperative housing financing procedure Malý háj IX
COOPERATIVE HOUSING FINANCING PROCEDURE
Advantages of the cooperative housing
- You do not have to declare your creditworthiness to the bank - no tax returns, no proofs of income, live without a mortgage!
- You can purchase a new cooperative apartment at any age.
- Cooperative apartment can be transferred to a private ownership.
- The housing association is registered in the land register as the owner of the entire building.
- Any complaints of the whole house (both common areas and individual dwellings and parking spaces) are addressed by the housing association.
- Favourable conditions for contracted services (insurance, technical assistance incl. benefit card, home administration, legal consulting, internet, modern measurement and energy consumption management methods, etc.).
- Best quality assurance of the cooperative construction thanks to experienced partners.
- We will gladly provide you with more information about the advantages of the cooperative housing on a meeting in our Client centre.
Conditions for a participation in a housing association
- payment of at least 25 % of the acquisition cost of a cooperative apartment (and accessories - garages or storerooms, etc.) from your own resources while the remaining part will be paid according to a monthly rent prescription in the form of annuity payments to the housing association loan for 25 years from a handover of the cooperative apartment
We will gladly provide you with more information about the conditions of your participation in a housing association on a meeting in our Client centre.
Contact our Client centre for sample documents.
Membership deposit payment schedule after an acceptance to the association
|Reservation fee||400 000 CZK||Reservation fee is payable within five days from signing the reservation agreement.|
|Lump-sum membership fee||15 000 CZK||Lump-sum membership fee is payable within thirty days from sending a written notice.|
|Deposit||25 % from the acquisition price of the future lease subject (incl. VAT)||Deposit reduced of paid Reservation fee and is payable within 30 days from sending a written notice.|
|Rent and deposits on services|
Depending on the amount of the AMD share and the acquisition price of the apartment
|The rent will be paid monthly in accordance with the signed lease agreement between the association as a renter and the association member as a tenant.|