The area of a unit recorded in the Real Property Register is generally deemed correct. If a shortage is discovered that exceeds five percent (5%) of the net area, the developer is legally required to compensate the purchaser. This compensation is ca…
The area of a unit recorded in the Real Property Register is generally deemed correct. If a shortage is discovered that exceeds five percent (5%) of the net area, the developer is legally required to compensate the purchaser. This compensation is calculated based on the original unit price agreed upon in the contract. Conversely, if the unit is found to have an excess area, the developer is not permitted to claim any additional payment from the purchaser.
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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