أسئلة وأجوبة
Terminating the SPA of a nearly completed off-plan property in Sharjah
Hello,
Terminating the SPA of an off-plan property in Sharjah when the project is almost completed but delayed by 10 months.
Dear Questioner,
According to Article 11 of the Real Estate Law No. 6 of 2014 in Sharjah, a buyer has the right to terminate the sale and purchase agreement (SPA) of an off-plan property if the developer fails to deliver the property within the agreed-upon timeframe.
In this case, since the project is almost completed but 10 months delayed, the buyer may have the right to terminate the SPA.
For more details, please get in touch with us on WhatsApp.
You don’t have to lose the unit even if termination can legally happen. We offer you a full review of the SPA as well as Annexure F.
We will review the installment plan and delay penalty in delivery. We will summarize all possible legal solutions, including termination, and recommend the best legal approach based on your legal and financial standing.
We guarantee the lowest charges and high-quality legal outcomes. You can reach out to us through WhatsApp for assistance.
Dear client,
Start by reviewing the SPA for clauses related to delays, force majeure, and termination rights.
Ensure the delay doesn't fall under any exceptions that could protect the developer.
If the SPA provides for termination under these circumstances, follow the specified procedure.
Review the SPA terms and conditions, including provisions for delays. Discuss concerns with the developer and explore negotiation or compensation options.
Seek personal legal advice to assess your case and determine the best course of action. Consider alternative dispute resolution methods if needed.
Follow legal procedures outlined in the SPA and Sharjah's laws. Consult with a qualified attorney for personalized advice based on your situation.