Purchasing an off the plan property carries many risks,
including that the finished product may not match what was
promised.
Pity the poor buyer, whose initial excitement has now turned to
deep disappointment.
The question is, what legal redress does the buyer have in such
circumstances?
Before we get to that, let's discuss the first rule of
buying any property.
First, sign a robust contract
Off the plan contracts allow the vendor a lot of flexibility.
Even after the contract is signed, and before building is
completed, the vendor may amend lot numbers in the draft strata
plan or reduce the area of the property by up to five per cent.
Such variations are usually defined as 'minor' and
there's little the buyer can do about them.
