- Propertydreamz is one of the popular residential developments in Visakhapatnam.
- Propertydreamz offers well designed 1, 2, 3, 4 & 5 BHK premium Flats Perfectly located in one of the hot localities of Visakhapatnam. Schools, hospitals, supermalls, multiplexes, hotels and happening places are just a stone’s throw away.
- Before the sale of your flat is completed, you will be asked to settle all
outstanding debts, or your solicitor will be asked to give an undertaking
to pay them on completion.
- Even though you may be planning to sell you should still pay your service
charges normally. Any apportionment of service charge or ground rent is
worked out between the two solicitors on completion. Agents and landlords
will not give consents, deeds of covenant or register a sale if debts are
If there’s a service charge deficit for the financial year during which you lived in
the building, this may not come to light until some months after you’ve moved. The usual way to prepare for this is for your solicitor to hold back a small
amount of money from the sale proceeds. This will then be passed on when
the actual amount of the debt is known. This is called a retention.