1- Which are the steps necessary to buy a plot of land in Pinar del Faro?
If you are interested in buying, a Deposit Contract has to be subscribed in our office, where a sum shall be paid as purchase intention guarantee. In the following seven working days the buyer has to complete this payment totaling a 10% of the total sum. 

The steps to complete the purchase are as follows:
1º Deposit Contract Subscription and payment.
2º Deposit payment completion (10% of the total) within the following seven working days.
3º Bill of Sale Subscription, approximately 15 days after the subscription of the Deposit Contract.

Deposit payment completion:
By check in our Notary’s office of Buenos Aires or Montevideo.
In cash only in our Notary’s office of Montevideo.
Bank transfer to Escribanía Pittaluga account at Banco Santander.
Bank transfer to Nordelcor S.A. account at Banco Santander.

Bill of Sale Subscription:
We shall contact you so as to sign the Bill of Sale within a 15-day-period after the subscription of the Deposit Contract.
We may send the text to you previously or you may check it in our web page (www.pinardelfaro.com).
Our Notary Public is Mr. Adolfo Pittaluga Shaw, and his office is located at:
In Buenos Aires: Ave. Sarmiento No. 643, Floor 3rd, Office No. 326
Te: +54 (11) 4394-8556 or 154-024-7083

Contact: Messrs. Ricardo or Mariana Calamar
e-mail: escribano@estudiopittaluga.com.uy
In Montevideo: Treinta y Tres Street, No. 1374, Office 307
Te: +598 (2) 916-4276 or +598 (2) 915-9235
Contact: Miss Verónica Butler
e-mail: escribano@estudiopittaluga.com.uy

Suggestions:
a) For a better coordination we shall be in contact with the Notary’s Office and the Bank; and we shall keep you informed about the subscription dates and the correct payment reception.
b) Do not travel with cash. Argentine and Uruguayan laws do not allow more than USD 10.000 in transit.
In case of any doubt, contact us to the following references:
*Operation tracking: Soledad Parodi
*Information at Pinar: Accountant Javier L. Volonté
*e-mail: jvolonte@pinardelfaro.com
*Address: E. S. Martínez Road 150 meters far from National Road No. 10
*Town: José Ignacio
*Telephones: 094.406.891 / (598) (480) 6123
*Our company: NORDELCOR S.A.
*R.U.C. [Registro Único de Contribuyente (Taxpayer Unique Registry)]: 21.491704.0018

2 - Which are the payment methods?
There are two methods: in cash or by means of the direct financing Pinar del Faro offers. 

3- If I decide buying a lot through financing, which is the procedure to pay installments?
You shall transfer the payment to the following bank account:
*Banco Santander in Punta del Este
*Branch No. 37
*Dollars Current Account No. 3:933.500
*Holder: NORDELCOR S.A.
Our contact at Banco Santander:
*Customized attention: Accountant Fernando Bernadet - Manager
*E-mail: fbernadet@santander.com.uy
*Address: Ave. Roosevelt and Lincoln, Stop 15
*Telephones: (598) (42) 49.18.87 / 49.18.88
In order to make the installments payment easier, you may open a personal account at Banco Santander, in which you may make your deposits, and give the bank the corresponding instructions to debit them. For opening an account, the Bank requires:

Please contact Accountant Bernadet, who shall make account opening easier and quicker.
In case of any doubt, contact us to the following references: 
*Contact at Pinar: Accountant Javier L. Volonté
*e-mail: jvolonte@pinardelfaro.com
*Address: E. S. Martínez Road 150 meters far from National Road No. 10
*Town: José Ignacio
*Telephones: 094.406.891 / (598) (480) 6123
*Our company: NORDELCOR S.A.
*R.U.C. [Registro Único de Contribuyente (Taxpayer Unique Registry)]: 21.491704.0018

4 - Has Pinar all the necessary legal authorizations?
Yes, Pinar has the approval of the Municipality of Maldonado.

5- Where can I buy a parcel?
At the comercial office in Pinar del Faro, or in the bests Real Estate companies of José Ignacio and Punta del Este - Uruguay. In Argentina, Achaval Cornejo Real Estate.

6- What does the service charge include?
The service charge the co-owners have to pay includes: personnel in charge of the security and cleaning, common spaces and buildings maintenance, salaries of personnel working within the housing development, personnel social laws, road maintenance, waste-land extraordinary cleaning, common places lighting. This does not preclude that, in the future and requested by the co-owners, other services happen to be rendered.

7- When am I able to begin building my own house at Pinar?
Immediately after the technical representative of the co-property has verified it complies with the internal building code, your own architect has presented the building plans to the City Council, and the authorization has been given.

8- When is the project planned to be ready?
March, 2006, except for the underground electricity laying that is going to be completed in November, 2006; however, this is not going to delay the building works beginning nor the supply in Pinar del Faro.

9- Are there Construction, Joint-Ownership and Coexistence Regulations?
Yes, and you may find them in this site by clicking the link Regulations.


10- Can I build a house without any of the designs made by Mario Connio?
Yes, you can.

11- In case we do not know any notary public, will you recommend one who is reliable?
Yes, we will.

12- What is a sale commitment? Is it legally valid?
A sale commitment is a contract the parties subscribe, previous to the definite title deed. This contract has to be settled in the Real Estate Registry at Promises Section and as from the settling date the buyer is fully entitled to the parcel. This means that this registration is preferred to any later seizure, mortgage, lease, etc., on the parcel or selling party. Therefore, the buyer is sure that possible seizures or any other taxes that may fall on the seller or on the parcel the buyer has purchased will not affect him due to the registration of the sale commitment. Besides, in the event the selling party put up any resistance to subscribe the title deed, the buyer may ask for the judicial subscription of the same. If so, completing a formality that could not take more than 60 days, a court-appointed judge will subscribe the parcel title deed acting in the capacity of the selling party. This procedure offers the buyer the security that the selling party cannot break the agreement and not sell the parcel, since the buyer will judicially achieve the title deed subscription, as long as he has paid the price.