Definition : Purchase - Lateness of delivery

The failure of the contractor or of the real estate developer to sell an immovable to a purchaser in the delays provided in the preliminary contract.

Related articles

How to be sure that the off-plan apartment you have spotted meets your expectations and needs? One of the keys to success in the purchase of a new home: the quality of your exchange with the real estate developer. In this regard, the Law grants to purchasers the right of obtaining the most truthful and complete information possible on the nature and exact characteristics of the property being sold. This obligation encompasses all the critical and relevant information concerning the immovable and the co-ownership. The information to be provided shall cover the private portion and the common portions of the building. You should act with the utmost care to ask for and obtain the required information to allow you to avoid disputes with your vendor (developer or builder).
View more