إعادة جدولة المدفوعات أو إنهاء العقود للعقارات

Hi

I understood that you are not willing to continue paying the remaining instalments due to your loss of the job.

However, you must know that the Law No. 9 of 2009 introduces a new method for calculating how much a developer can retain under Article 11(2) if a purchaser defaults in his obligations under a contract for the sale and purchase of a real estate unit.

Under the amended Article 11(2), the amount which a developer can retain if a purchaser does not remedy his breach within the 30-day notice period given by the Land Department under Article 11(1) depends on how much of the development has been constructed.

Hope the above is sufficient for your purposes, however, if you need any further assistance, please feel free to reach us on the phone or email.