Precautions before purchasing an off-plan property

Hi,

I trust you are well.

Firstly, congratulations on your purchase.

In terms of the documents you require, the most important one will be an agreement between the purchaser and the seller of the property.

This agreement will govern the relationship between the parties and provide their respective rights and obligations.

However, prior to signing, we strongly recommend having it reviewed by a team of legal experts.

Property developers are notorious for adding clauses that allow them unreasonable delays, extensions of delivery dates...etc.

For further information, please contact us at our email.

Dear questioner,

You should be having the sale & purchase agreement (SPA) properly signed by the developer, and proper receipts of all the payments made to the developer.

Apart from the list of documents, you should carefully read out the Terms & Conditions of SPA in order to understand your duties, your rights and most importantly, if the project is delayed beyond the mutually agreed period.

Further, you should also check the termination clause carefully so as to avoid future legal hassles.

If need be, kindly contact us by phone for a detailed discussion or write to us at our email for further assistance.