An installment contract, passed on
A seller holds an allocation contract for 20 feddan from a state body. Part of the price has been paid; the rest falls due in installments.
- Paid so far (seller-reported)
- EGP 800,000
- Still to be paid in installments
- EGP 1,200,000
- Asking price for the transition
- EGP 1,500,000For what the seller has paid and built so far. It is not a valuation.
- What the buyer takes on
- The remaining installments and the contract's conditions, such as its reclamation deadlines.
Any such transfer is subject to the approval of the party that granted the contract and to legal review. AKAL does not assess whether it can be made.