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);
- Brisa Livre SA, the Company which owns the fractional
land rights and the improvements and guarantees the rights
of the right-holder
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
- cede the Use Agreement to the Purchaser in respect of
the entitlement purchased.