Questions & Answers
Paid 40% for off-plan property, construction not started. Can we stop future payments?
Hi,
We bought an off-plan property from a developer in March 2023. We signed the SPA, but the developer hasn't signed it yet; telling us it takes time.
We have already paid 40%, but the construction has not started yet, according to the information in their application. Can we request to stop paying any future installments?
Dear Questioner,
There might be some possibilities to stop paying these installments without any obligation to pay.
But it should be according to the Agreement. To understand the possibilities, we have to check the terms and conditions enclosed within the SPA.
Kindly share your WhatsApp number to discuss this further.
Yes, we can send them a legal notice and ask them to start construction, otherwise, you will not pay as per your legal right.
Dear Questioner,
You may not get a refund of the booking amount. However, we need to review the booking form in order to advise you properly.
Please send us a copy of the booking form via email so we can review the same and advise you on the next steps.
You can also contact us via phone for detailed discussion and assistance.
Do not stop paying the installments. A lawsuit can be filed to demand the recovery of the amount paid.
This depends on the signed agreement.
Contact us!
