Delayed Condo Construction

There are many reasons why condo construction may be delayed and what can the buyer do if it happens. Buyers have the right to request compensation as a fine on a daily basis for the project (no less than 0.01% of sales price but total must not exceed 10%, or 100 days)if the buyer is willing to wait for the project to complete. Or you can request contract termination and refund due to construction not going as planned, if you decided not to purchase the property. The result will depend on the developer and most of the cases are not as smooth as it might go. Communication is another problem, especially the language barrier. In the end, the buyer has to file a lawsuit against the project in case of delays in the purchase or any other issues resulting in the deal not going as planned. Customers and buyers may report to the Office of the Consumer Protection Board.

If you are facing the same issue or your purchase, we are ready to give you advice. Please feel free to contact us for more information.