ᐅ Is it possible to pay the first installment (earthworks) before obtaining the building permit / planning permission?
Created on: 9 Oct 2020 16:28
A
AllThumbs
Hello everyone,
In our purchase contract (according to real estate agent and developer regulations), the first installment of 30% is due after the start of the excavation work.
Question: Could this possibly be required even before the building permit / planning permission is granted?
Background: The (still well-interest-bearing) equity capital that must be used for the first installment has a notice period of 3 months, and I’m trying to figure out when I will actually need it. I don’t want the first invoice to arrive before I can access the funds.
This concerns a large development site being prepared and built by a developer. My feeling is that, before the building permit / planning permission, nothing can really be done to justify the first payment. Can you confirm this?
In our purchase contract (according to real estate agent and developer regulations), the first installment of 30% is due after the start of the excavation work.
Question: Could this possibly be required even before the building permit / planning permission is granted?
Background: The (still well-interest-bearing) equity capital that must be used for the first installment has a notice period of 3 months, and I’m trying to figure out when I will actually need it. I don’t want the first invoice to arrive before I can access the funds.
This concerns a large development site being prepared and built by a developer. My feeling is that, before the building permit / planning permission, nothing can really be done to justify the first payment. Can you confirm this?
E
erazorlll11 Oct 2020 15:57In Baden-Württemberg, they legally have a maximum of 3 months, or even less with a simplified procedure – as clearly specified in the state building code.
A
AllThumbs11 Oct 2020 16:06Ybias78 schrieb:
3 months for a building permit / planning permission? That’s rocket speed. In Brandenburg, it takes 6 months. It seems to depend heavily on the region. For friends in Brandenburg, it was significantly faster last year.
erazorlll schrieb:
In Baden-Württemberg, legally, they only have a maximum of 3 months, or even less in the simplified procedure - as clearly specified in the state building regulations.And what do you do if it takes longer? Administrative lawsuit? Then the work has to be stopped until the process is finished... These 3 months are basically useless.