We are selling limited number of luxury apartments that vary in their size (from 47 m2 - 82 m2 ) and are part of NOVI SPA HOTELS & RESORT. This unique model of purchase allows its owners to generate income from their property and, at the same time, allows them to use their apartment when they wish to do so, plus many other benefits.
This purchase model is based on concept that the future owners at the time of signing the Purchase Agreement will also sign Lease Contract by which they are letting back their newly purchased property to the Seller for the next 20 years.
Apartments in villas A6, A7, A8, B1, B2, E6 and F6 can be purchased based on this model.
With Purchase Agreement one becomes owner of the chosen apartment and is registered as such in Land Register in ratio 1/1. In Purchase Agreement all purchase conditions are defined, all obligations on the part of the Buyer and Seller, right of pre-emption, etc.
The duration of Lease Contract is 20 years. The Lease Contract can be cancelled after no sooner then 3 years, if both parties have agreed to do so. Cancelation period is 1 year. This Lease Contract is completely transferable which means that the owner may resell his apartment under condition that the new owner takes over all rights and obligations of the same.
The owner must become an entrepreneur and register as a taxpayer in Croatia. By doing this all taxes concerning the purchase of apartment (PDV) are being waved as the property has become a mean of doing business in Croatia.
The owner can use his apartment, under special conditions (by paying 10 Euros/person/day), unlimited number of days in a year. All other days he will give to Hoteli Novi to be rented on his behalf. For season 1 (summertime, Easter, Christmas, New Year and such) the owner must make reservations for himself at least 3 month in advance, and for season 2 (the rest of the year) he must make reservations for himself at least 3 weeks in advance, to be able to use it at desired time.
It is in owner’s best interest to make reservations as soon as possible.
In periods when Hoteli Novi manages to rent the owner’s apartment, the income from rent will be divided as follows: after the tour operator is paid, the remaining income shall be divided 60/40 in favor of owner. In case that the owner finds the rental guest the income shall be divided 70/30 in favor of owner.
If the owner wishes to do so, he can obtain a special discount for his friends who wish to stay at NOVI SPA HOTELS & RESORT. For season 1, he can obtain on their behalf 10% discount and for season 2, he can obtain 20% discount on their behalf, from the tour operator’s price.
The owner is entitled for 10% discount on all services that are available in the resort.
This Agreement is necessary to assure that the resort would be kept up to the required standard so that all the owners are able to entirely enjoy their property at all times, together with all facilities they have the right to use by acquiring their apartment. In short, by this Agreement all rights, obligations and responsibilities for owners and Managing Company are regulated, which services are being given, etc.
The payment of maintenance fee is waved until 1st January 2011.
From 1st of January 2011. maintenance fee will be payable according to the real maintenance cost.
Each year 0,5% from net price is payable to Reserve Fund by each owner (this Fund serves for unpredictable higher cost of maintenance of the apartment itself and resort and/or any other unpredictable costs which appear from time to time).
This Agreement determines the relationship between owners apropos co-owners of the entire property that is a part of the resort, rights and behavior obligations within the resort.
Tel: +385 (0) 51 6684-66
Fax: +385 (0) 51 6684-67
