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purchase and legal compliance
Persons wishing to purchase an interest in Tartaruga Bay should complete a Fractional Ownership Reservation Form (which is non-binding) and return it to the Marketing and Sales office or an appointed 3rd party broker. On receipt of the completed form, a right in your preferred Villa will be reserved in your name for a period of 30 days and the necessary documentation will be prepared and forwarded to you for your scrutiny.

Such a purchase is concluded by means of a Contract of Sale and Transfer of Real Fractional Ownership Rights entered into between 2 parties:

  • You, the Purchaser (who may be any natural or legal person or persons);
    and
  • Brisa Livre SA, the Company which owns the fractional land rights and the improvements and guarantees the rights of the right-holder

As part of this Contract of Sale and Transfer of Real Fractional Ownership Rights, a Use and Services Agreement and the Resort Rules are appended as schedules. These agreements were concluded between the Seller and the Company at the time when the Seller purchased the use rights to the resort. This Use and Services Agreement forms part of the document known as the Constitutive Instrument of the Fractional Ownership Scheme for Tartaruga Bay are registered with the authorities in Mozambique as part of the official accreditation process.

Any purchaser has 10 days from signature of the Contract of Sale and Transfer of Real Fractional Ownership Rights in which to withdraw from the agreement and may not pay any money to the Seller prior to this time.

Once the withdrawal period has expired, a sworn Portuguese translation of the Contract of Sale and Transfer of Real Fractional Ownership Rights, signed by the parties, is notarised in Mozambique in order to legalise the contract.

On performance of the payment obligations by the right-holder, the Seller will:

  • issue the Company shares to the Purchaser;
  • issue to the Purchaser, the real Property Registration Certificate in respect of the Fractional Ownership Right purchased; and
  • cede the Use Agreement to the Purchaser in respect of the entitlement purchased.

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