For the purposes of registration on the Real Property Register, the net area of the unit is used. A developer is only required to compensate the purchaser if the actual area of the unit is less than the net area by more than five percent (5%). If th…
For the purposes of registration on the Real Property Register, the net area of the unit is used. A developer is only required to compensate the purchaser if the actual area of the unit is less than the net area by more than five percent (5%). If the shortage exceeds this five percent threshold, the compensation amount must be calculated based on the unit price that was originally agreed upon in the sale contract. Minor shortages below this threshold may not require compensation unless specified otherwise.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
Ali Faizan Syed’s knowledge centre
Ask Ali about this question · Explore published properties · Browse all questions