Hello dariofoo, not sure is this has been asked before. Just hoping to have a quick ans.

Issue: Purchased a completed condo from developer, the developer imposing a 60 day completion period (+30 days extention with interest) instead of the standard Housing Development Act, which should be 90days (3 months) + 1 month extension without compromise.

The bank just disbursed the $ and developer charge me for late interest charge, and i checked with the bank and it's still not very clear where is the delay (i am waiting for the crono from bank).

My questions :
1) i signed the SPA with that 60 days term without realising it prior to signing. Is there anything i can do since this is agaist HDA practise?
2) If the delay is caused by the bank, can i ask bank to share/absorb the late charges?
3) Is there anything i can do to ask the developer to waite the interest charges?

Tanks for your help!