Purchase process of the properties

Easy, short and efficient property buying process with the best financial services

PURCHASE PROCEDURE

Cleint Selection and Reservation

Cleint Selection and Reservation

Due to the fact that the Project is being implemented on the basis of a valid zoning decision and building permit, Clients are not allowed to make or suggest any change in the modification of the housing unit or any other change that affects the building design, layout and superior equipment of the interior and its accessories.

However, before the implementation of the relevant phases of construction, it is possible to make a selection from the offered standard interior design (tiles, paving, doors, sanitary facilities, furniture, etc.). The interested party may be offered the option of ordering some extra-standard equipment for the housing unit as for instance outdoor blinds, etc. in accordance with the construction milestone of the Project.

Reservation Agreement

Reservation Agreement

After arranging a personal meeting with Listing Agent of the Properties, the client will meet in our sales centre or at the MDAICReal's bank (witnessed by the project's Bank Officer) to sign the Reservation Agreement. This Agreement is provided with all the terms and conditions of the purchase of the apartment. The payment of the non-refundable Reservation Fee of EUR4,200 (CZK 100,000) incl. VAT can be paid by cash or by bank transfer, within Five (5) banking days from the effective date of signature of the Reservation Agreement. Only after payment of this fee will the Reservation Agreement become effective.

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Security Financing

Security Financing

In order to simplify the process of buying an apartment, we have prepared for you recommended options for financing the purchase of your selected property with your own resources only or through a mortgage or a donation. Of course, this is only our own offer and procedure, in which we approach each client individually and allow you to finance the purchase of your selected apartment according to your own preferences, which shall, in any case, meet our purchase conditions.

MOU on the Apartment Purchase

MOU on the Apartment Purchase

A Memorandum of Understanding (MOU) on the Purchase of the Apartment will be signed within the reservation period and after financing has been secured. It determines the terms and conditions under which the Purchase Agreement itself will be concluded. The main condition is the approval of the Project. Within Ten (10) banking days from the effective date of the signature of the Memorandum of Understanding on the Purchase Apartment / Property, the Interested Party shall pay 10% of the Total Purchase Price incl. VAT. The Reservation Fee will be deducted from this Total purchase Price of the apartment. All payment must be directly paid to the Project Account managed by the Financing Raiffeisen Bank, a.s.

Construction and Occupancy Permit

Construction and Occupancy Permit

Estimated construction completion date – Autumn 2024.

After approval, the Registered Party will be invited to deposit the remaining part of the Total Purchase Price to the indicated project account maintained and managed by the financing bank of the Project. Under the conditions agreed with the financing bank, the Project Owner, MDAICReal, s.r.o. shall delete all lien on the object of the future owner no later than Sixty (60) days from the effective of payment of the Balance of the Total Purchase Price. After the submission of the application for deletion, the proposal for the transfer of ownership right of the client shall be submitted, but the client will take note that after a certain short period, this lien of the financing bank will still be listed in the cadastral office of Kladno.

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Delivery and Purchase Agreement

Delivery and Purchase Agreement

Estimated date – Spring 2025.

The signature of the Purchase Agreement (PA) shall take place after full payment of the entire Purchase Price. After signing this agreement, the apartment will be handed over (with a signed handover protocol) and the client can start moving in. From the moment the apartment is handed over, the shall start paying all fees associated (association fees) with the use of the property, and conclude contracts with service and energy suppliers. The Operations Management Agreement of the building is undertaken by MDAICReal.

Registration in the Cadastral Office

Registration in the Cadastral Office

The ownership right of the property transferred to the Client shall be registered in the cadastral Office of Kladno shall be submitted after full payment of the Balance of the Total Purchase Price and signature of the Purchase Agreement. Within a period of Sixty (60) days maximum from the effective date of full payment of the Purchase Price, all liens on the property shall be deleted.

Warranty Periods

Warranty Periods

We will provide the client with a warranty for the quality of the construction part of the property for a period of thirty-six (36) months and for its furnishings and equipment for a period determined by their manufacturers. The warranty period enters into effect from the effective date of the property ownership right transfer to client at the relevant cadastral office. The warranty period regarding the common parts of the Project shall last thirty-six (36) months from the date of establishment of the community of owners, i.e. from the date of registration of the community of owners in the public register. For the supply of products and equipment for equipping units or common parts, the warranty period is set by their manufacturer. The procedure for making complaints is governed by the Warranty complaint regulations and Policy.

Complaint Regulations

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CODE OF CONDUCT AND ETHICS

  • This Code of Conduct and Ethics outlines specific, observable behaviours expected from MDAmart's Sales Agents (referred to as Third Party Sellers or Resellers), Sellers (Retailers, Distributors and Exporters) and Vendors (Manufacturers) of MDAmart around the world. It also provides the ethical framework of moral principles to guide decision-making and actions. For the purpose of this MDAmart Code of Conduct or Ethics, Sellers, Resellers and Vendors are hereinafter referred to as "MDAmart's Sellers" or simply "Sellers."
  • MDAmart Code of Conduct and Ethics centres on honesty, integrity, and prioritizing the client's best interests. This includes avoiding misrepresentation, maintaining confidentiality, and disclosing any potential conflicts of interest. MDAmart's Sellers should also strive for professional competence and treat all parties with respect and fairness. They all must respect and obey all the European Union (EU) and International laws relating to their activities including all the Policies and Regulations on selling products in the EU and around the world.
  • MDAmart has zero tolerance for noncompliant marketing behaviour. We endeavour to assuring that all our Sellers must act with the highest ethical standards in all of their business dealings. They are representing the MDAmart and its carrier partners. They are required to abide by this MDAmart Code of Conduct and Ethics. Those who violate standards in this Code will be subject to disciplinary action pursuant to the Company's disciplinary procedures.
 
 

MONEY BACK GUARANTEE

This MDAmart's Money Back Guarantee is designed to ensure our Buyers receive the item they purchased or their money back. It also covers the Returns and Refund Policy, including the situations, where an item doesn't arrive, is faulty or damaged, or doesn't match the listing description.

 

Legal guarantee

    • Under EU rules, if the goods you buy turn out to be faulty or do not look or work as advertised, the seller must repair or replace them at no cost. If this is impossible or the seller cannot do it within a reasonable time and without significant inconvenience to you, you are entitled to a full or partial refund. You always have the right to a minimum 2-year guarantee from the moment you received the goods. However, national rules in your country may give you extra protection.
    • The 2-year guarantee period starts as soon as you receive your goods.
    • If a defect becomes apparent within 1 year of delivery, you don't have to prove it existed at the time of delivery. It is assumed that it did unless the seller can prove otherwise. In some EU countries, this period of "reversed burden of proof" is 2 years. 

 

 

 

 Commercial guarantees

    • Sellers (Retailers, Distrubutors, Exporters and Manufacturers) might offer you an additional commercial guarantee (also known as a "warranty"). This can give you better protection but can never exclude or reduce your rights under the minimum 2-year guarantee. The conditions should be laid down clearly in the commercial guarantee statement. If they are less advantageous than any advertised conditions, the more advantageous ones apply.
    • Goods bought from private individuals are not covered by these rules.

 

 

 

 Returns and Refund Policy

    • This Money Back Guarantee outlines MDAmart's Returns and Refund conditions and procedures for our global customers to return purchased items and receive reimbursement or exchanges within a period of up to 2 years. It also covers the item return timeframe, item eligibility, return shipping responsibility, refund methods, and other aspects.

 

 

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FREE DELIVERY

FREE Delivery is available for eligible products with a minimum order of €50 and for delivery within the EU, the UK, Albania and Ukraine.

FREE Standard Shipping

Enjoy Standard Shipping for any product with the "FREE Delivery" message on the product detail page. Any purchase with a minimum order of €50 and dispatched from any local MDAmart local warehouse or fulfilment centre is eligible for "FREE Delivery". Items that are directly sold and fulfilled by MDAmart's Sellers are not eligible for "FREE Delivery".

Eligible Products

      • Products that are sold and shipped from MDAmart Fulfilment Centres.
      • Products sold by MDAmart's Sellers and shipped from MDA Fulfilment Centres.

Not Eligible Products

      • Gift cards.
      • Products directly sold and directly dispatched by MDAmart's Sellers.
      • Products shipped from local warehouses, which have no minimum order value.

Closing your Order

      • Proceed to checkout.
      • Select Free Standard Delivery as your delivery speed.

 

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