RIC POLANSKY

RIC POLANSKY

Apartado 734, Mojacar Playa 04638, Almeria, España.
Tel: 34 950-478086 Fax: 34 950-478138 Mobile: 34 607-117174
E-Mail: ricp@bitmailer.net

SCHNELLER MOJÁCAR S.L.
(NIF B-04199451)
Pedro Ibañez y Ric Polansky
Apartado 734, Mojácar Playa 04638, Almeria, España.
Tel: 950-478086 Fax: 950-478138 Mobile 607-117174
E-Mail: ricp@bitmailer.net


8th September, 1999.

Greetings from sunny, hot, "full of tourists" and beautiful Spain.

At long last I take the opportunity of enclosing to you the Contracts involving the purchase of your Apartment in the Mojácar-Bella scheme in Las Ventanicas Beach, Mojácar.

The Contract, as you will see, must be done in Spanish by law. Please take a few minutes and review the terms so that you can be well informed.

CONTRATO DE COMPRAVENTA: simply means a Contract of buying and selling stating who you are and who I am and that we are of legal age.

INTERVIENEN: means intervening as yourself, acting for yourself and myself in the name of Schneller Mojácar, when the Company was formed and that it is duly registered.

EXPONEN: is explaining that we own a piece of land that was registered with the Town Hall and the Junta de Andalucia in
Polígono B (known as U.A. 11 in Mojácar), consisting of 6,824 sq. meters (for example) and that that land is registered as Finca No: 18005 in the following book and that we have submitted to the Town Hall the right to build 35 Apartments and Swimming Pool and that they have granted us the license to do so.

III. This states again who you are, the number of your Apartment, (a) its size and (b) how many bedrooms and distribution. (c) is the quality, or specification sheet that we are passing along.

IV. 'States that you accept the above conditions.

ESTIPULACIONES: This is stipulating that we as a company have no other Contract pending with anybody else over this Apartment and therefore we are making our bond or legal tie with you alone.

PRIMERO.- OBJETO DEL CONTRATO: This is that we are selling, and promise to build for you an Apartment as described and designed by the Architect, Don Andreas Franco Reche.

SEGUNDO - PRECIO Y FORMAS DE PAGO: This outlines that you promise to make the following payments and therein a list of these payments. You would notice that you pay approximately half the money and then when the keys are turned over you will either pay all of the rest of the money, or take out a Mortgage with the Company that we already have. Any change or modification in our Contract must be agreed beween us in writing together.

TERCERO: (Third) This means that we agree to turn over the Apartment to you free of all liens and mortgages without anybody living there and give you an Escritura.

CUARTO- INCUMPLIMIENTO CONTRACTUAL: (Fourth) This means eans that if you do not complete this Contract we can either force you to make a one time payment of all the money up front, or ask that the Contract be resolved, either by mutual accord between us or by whatever is established by law with you paying the Court costs.

QUINTO: (Fifth) Indicates that the Buyer moves into the Apartment only when he is satisfied that we have completed our pact in constructing the building as stated.

SEXTO: (Sixth) Outlines that the Buyers must pay all the "gastos" (costs) in relation to the "Escritura" (title), Registration and the "IVA" (value added tax, or "VAT"), however the Sellers are responsible for all Building Licenses, "Plus Valias" and any costs of construction which includes forming the Community of Properties and registering that Company.

SÉPTIMO (Seventh) States that should there be any disagreement we all agree to go to Court over this in Vera, where the local judicual body resides, and then we herein give testament by our signatures and agreement.

Should your lawyer or yourselves require more information such as photocopies of our Building Licenses, Registration with the College of Architects (or want clarification on some other point that you feel would allow you to "sleep better at night"); please do not hesitate to ask me for this because I have all of these documents with me.

In most cases I have not sent you again a new Plan showing you the exterior of the Apartments nor the layout, but rather only that of the building materials that will go in.

The construction itself carries a ten year unconditional guarantee from the Spanish College of Architects and Aparejadores (appraisers).

If there is anything different in this entire document that I should point out, it is the Kitchen specifications. Over the years I have learned that clients' demands differ based on personal preference. So basically, Pedro (my partner) and I have agreed to tile the Kitchen from floor to ceiling in normal, unobtrusive tiles. Therefore each client must pick out his/her own Kitchen fittings. This includes all cupboards, taps, sinks, etc.

To alleviate the headache of this there are Kitchen specialists around, and I am preparing pricing from three different companies that have agreed to fit our Kitchens out. Their pricing will include Type A which will be the basics and how much it will cost, bearing in mind that they will have agreed to do a minimum of 10 Kitchens and the price will be as inexpensive as possible. Type B that will include maybe, a Washing Machine, Refrigerator, etc. Type C will be a luxury style or Type D if you want to choose and do the Kitchen yourself.

Remember the Apartment will be fitted out for "Butano" Gas installation (butane). This is what we have included. I would prefer to see you use Electric, it certainly eliminates the fooling around with gas bottles, although the "Butano" truck comes every Saturday morning at 10 o'clock and will exchange the bottles on site.

If you try to read through, in your knowledge of Spanish, you will see that we are using the best double glazed Aluminum Windows for exterior and that all the specifications are of a high quality (see
Important Information.)

Some of the Apartments, because of their unique position, will have the opportunity to change the Contract and put in their own marble floors, stairs to their roofs, etc. but this is an addendum to this Contract that must be done between our Company and that client.

Naturally if you have any questions don't hesitate to call me. I am always in the office in the mornings.

Our provision is that this building will be done in July for occupancy in the year 2000.

Yours sincerely,

Ric Polansky, and Pedro Ibañez.

Copyright © 2000 Ric Polansky & Associates. All rights reserved.