Attached carry the Legislative Decree 122/2005 which introduced new protections for buyers of homes under construction.
The decree stipulates, the requirement for the construction company to issue a surety to guarantee the amounts paid or payable to the same company, before the property is transferred with the property deed, to avoid the risk that the company failed before the buyer has become a home owner.
In addition, the same decree, commit the manufacturer to take out indemnity insurance policy ten years, to the buyer as from the date of completion of work, and to cover damages to third parties due to faults that occur after the completion of sale.
Lastly, the same decree imposed a "Solidarity Fund for buyers of properties to build”, which is fed by a portion of the guarantees stipulated above the entry into force of Decree, you need to pay damages to the buyers stumbled into bankruptcy before the manufacturer 2005.
Alex Gaetani