Under Article (11), if a purchaser breaches their sale agreement, the developer must notify the DLD. The DLD is then required to serve a notice granting the purchaser a grace period of thirty (30) days to fulfill their obligations. This notice can b…
Under Article (11), if a purchaser breaches their sale agreement, the developer must notify the DLD. The DLD is then required to serve a notice granting the purchaser a grace period of thirty (30) days to fulfill their obligations. This notice can be delivered in person, by registered mail, or via email. During this window, the DLD may also attempt to mediate an amicable settlement. This procedure ensures purchasers have a fair chance to remedy a default before facing contract termination.
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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