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Dear Sir
Since the contracts provide for guaranteed rental income in specified amount, we believe the chances to successfully claim that amount are high given that you have observed the requirements of the contract. Article 1(4) stipulate that the Principal shall hand over the property to the Agent in condition corresponding to its intended use. This would be the starting moment for implementation of obligations of both parties. In example – the Agent may evidence with a list of snags that your apartment had not been completely furnished thus not marketable for tourist purposes, and that had been the reason for not fulfilling the guaranteed income. In such respect, you will have to evidence the date on which the apartment’s interior had been entirely complete.
Then, the term of the contract is 31.12.2007, and the guaranteed income is on annual basis, meaning that you could claim only the possible rental income for the months when the contract had been in effect – between the date of completion of the furnishing and 31.12.2007.
Please be advised that in order to start a legal case, we will need signed copies of the contracts, and your copy of your notary deed as well.
The court fee for the legal case shall be 4% of the claimed amount, payable not later than the date of submitting the written claim.
Our solicitor fees for the legal case shall be EUR 850, payable in advance before we start working on your case.
All fees paid in relation with the case shall be reimbursed by the other party in case of positive court decision.
Kind Regards,
Todor Rachinski
Bulgaria Legal Ltd.
Also he mentions only getting part of the year but the only reason the apartments weren't ready before was because of Vigo themselves being late on the completion.
Our apartment was reasdy at the beginning of August. Does part of the year mean the whole 12 months i.e. 5 months out of 12 months. OR 8 weeks of the 16 or so weeks of the tourist season.
Either way you only talking of between 1/4 and a 1/3 of the
6.5% which makes the expense less viable.