The law imposes strict penalties for the evasion of Fees. Any Real Property developer or broker who assists a person in avoiding their legal obligation to pay registration fees faces the same punishment as the primary offender. The penalty for this…
The law imposes strict penalties for the evasion of Fees. Any Real Property developer or broker who assists a person in avoiding their legal obligation to pay registration fees faces the same punishment as the primary offender. The penalty for this violation is a fine of double the prescribed Fee. This provision ensures that professional intermediaries maintain the integrity of the Real Property Register and do not facilitate fraudulent activities or the provision of false data to the DLD.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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