ARTICLE · 05 OCTOBER 2020

FAQ On Liquidated Damages For Late Delivery Of Properties By Developer

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The sale and purchase agreement is the primary definitive document which governs the rights and obligations of developers and purchasers of properties.

MalaysiaReal Estate and Construction

1. What governs the rights and obligations of developers and purchasers of properties?

The sale and purchase agreement is the primary definitive document which governs the rights and obligations of developers and purchasers of properties.

2. How are purchasers' rights safeguarded?

Sale and purchase agreements for the purchase of properties from a developer are prescribed by an act of Parliament.

When purchasing land and building, the statutorily prescribed sale and purchase agreement is found under Schedule G of the Housing Development (Control and Licensing) (Amendment) Regulations 2015 ("the Regulations") made pursuant to section 24 of the Housing Development (Control and Licensing) Act 1996 ("the Act").

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