ᐅ Supplementary Agreement to the ScanHaus Construction Contract
Created on: 25 Sep 2019 12:47
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douska2019
Hello everyone,
we are planning to build a house with Scanhaus Marlow Marlow. We have now received the draft version of the construction contract.
Everything makes sense to us so far, except for the last page. It is titled: "Pledge Agreement as an Additional Agreement to the Construction Contract."
This concerns pledging our equity as a security to Scanhaus Marlow Marlow.
Does anyone have experience with this and, above all, can explain what this means? Looking forward to your feedback.
Douska2019
we are planning to build a house with Scanhaus Marlow Marlow. We have now received the draft version of the construction contract.
Everything makes sense to us so far, except for the last page. It is titled: "Pledge Agreement as an Additional Agreement to the Construction Contract."
This concerns pledging our equity as a security to Scanhaus Marlow Marlow.
Does anyone have experience with this and, above all, can explain what this means? Looking forward to your feedback.
Douska2019
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HilfeHilfe25 Sep 2019 15:09There will be a pledge. Always a risk.
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Michlhausbauaa26 Sep 2019 14:06That is probably regulated that way, to record numbers only after completion...