If the implementation of a project has not yet commenced for reasons beyond the developer�s control, specific rules apply to contract termination. In this scenario, the developer is permitted to retain up to thirty percent (30%) of the amounts alrea…
If the implementation of a project has not yet commenced for reasons beyond the developer�s control, specific rules apply to contract termination. In this scenario, the developer is permitted to retain up to thirty percent (30%) of the amounts already paid by the purchaser. However, the developer must prove they have fulfilled all their obligations and that the delay was not due to negligence or omission. The developer must then refund any remaining balance to the purchaser within sixty days.
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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