Buying Property from a Developer
Buying from a developer requires a different legal review from buying from an individual seller. The buyer should examine both the unit documents and the project-level documents.
Developer identity and legal status
Project ownership or land allocation
Developer authority to sell the unit
Building and project approvals
Unit specifications and area calculation
Payment plan and installment schedule
Delivery date and delay penalties
Finishing standards
Maintenance and service charge structure
Assignment and resale rules
Registration or title transfer mechanism
Remedies if the developer delays or fails to deliver
Off-plan purchases require extra caution because the buyer is paying before receiving a completed unit. The contract should clearly define the delivery date, construction obligations, refund rights, penalties, finishing details, and what happens if the project changes.