Usufruct right

Registered usufruct right over the fraction designated by the letter “L”, consisting of FIFTH FLOOR LEFT – intended for housing, forming part of the urban building located at Avenida General Humberto Delgado, no. 43, in the parish of Costa da Caparica, municipality of Almada, described in the Land Registry Office under number QUATROCENTOS E TRINTA E SEIS / COSTA DA CAPARICA, and registered in the respective tax register under article 1273.º

Photographs of the interior were not authorised, but its state of conservation was verified.
Special Assumptions:
the current usufruct value is based on information that the usufructuary was born on 18/07/1979, having, according to the average life expectancy indicated by INE (84 years), an estimated 37 years of life. This age was considered for the purposes of calculating the value of the property.

No viewings will be scheduled in the last 5 working days before the auction end date and they must be arranged in advance with the Insolvency Administrator; By submitting an offer, the interested party is presumed to have inspected the property and to know its characteristics, with any liability for its state of conservation being disclaimed; All costs relating to the execution of the respective purchase and sale deed shall be borne by the buyer; Pursuant to the combined provisions of paragraph 6 of article 164º of the Insolvency and Corporate Recovery Code, and paragraph 6 of article 833º of the Civil Procedure Code, this sale is exempt from the requirement to present the certificate of authorisation of use of the building, energy certificate and technical data sheet of the dwelling, and therefore, under the same legal provisions, it is the buyer's responsibility to regularise the properties, where applicable; The purchase and sale deed will only be executed with the party submitting the offer and not with third parties whom they may nominate; The purchase and sale deed will be executed at a place, date and time to be set by the Insolvency Administrator; In sales via E-Leilões, no commissions or similar fees are charged.
The final award will always be made by the Insolvency Administrator, with the agreement of the claiming creditors and the insolvent party, the Administrator reserving the right to:
i) hold a bidding round between all bidders, summoning them for this purpose;
ii) not accept or reject any offer it considers not to suit the interests of the insolvent estate;
provided that, in the absence of offers and/or offers below the reserve price or if the offers submitted are not accepted, the sale will proceed on terms to be defined.