The auction is subject to the general auction conditions and special auction conditions which will be determined by notary T.R. Johnson in a separate notarial deed for every separate property.
The auction will take place by raising bids (bij opbod) and by decreasing bids (bij afmijning) in one session.
Seller has the right to not accept any bid, at his sole discretion.
All auction costs are for the account of the buyer, which costs include: transfer tax, registration fees Land Registry, the outstanding long lease fees (erfpacht canon) and property taxes (grondbelasting) for execution of the necessary notarial deeds, other auction costs (rent of auction room, bailiff fees, cancellation of liens and mortgages, advertisements), and the costs to have the property vacated, if necessary.
Each bidder must be able to submit a bank-guarantee issued by a reputable bank in Aruba (or another proof of funds acceptable to the Seller) to the amount of the highest bid increased with an amount equal to the auction costs.
The auction may be stopped or postponed at any time.