Jan 3 2019, 01:13 PM
QUOTE(royalz @ Jan 2 2019, 02:26 PM)
Hi as per title, if I am signing an under-con project, how to protect my interest for LAD claims later? since stated in the SPA developer will have 48 months from SPA date and SPA date is current date. Should there be any sub-clause or supporting documents to protect my interest in case developer late delivery?
Thanks.
doubt there is cos it'll follow SPA dateThanks.
this is the pro/con for buying under con property
if u buy early, then ur SPA date early = if developer handover after the time frame, u can claim LAD. however u pay alot of bank interest during under-con
if u buy late, u save on bank interest, but may not be able to claim LAD (as ur SPA will be current date).
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