When a developer notifies the DLD of a purchaser breach, the notification must be comprehensive. It must include the full details of the developer and purchaser, along with a clear description of the Real Property Unit involved. Most importantly, it…
When a developer notifies the DLD of a purchaser breach, the notification must be comprehensive. It must include the full details of the developer and purchaser, along with a clear description of the Real Property Unit involved. Most importantly, it must provide a detailed account of the contractual obligations that the purchaser has failed to fulfil. This documentation allows the DLD to verify the breach before issuing the mandatory thirty-day notice to 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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