When the purchase of off-plan property is delayed, how to compensate is a problem that needs to be paid attention to. Here's a closer look at this issue:
First of all, it should be clear that it is the responsibility of the developer to delay the delivery of the property. Therefore, the developer should bear all the consequences and compensation arising therefrom. The method and amount of compensation can be determined according to the agreement in the purchase contract.
Generally speaking, the purchase contract will clearly stipulate the liquidated damages or compensation that the developer should pay in the event of a delay in delivery. If there is no clear provision in the contract, it can be handled in accordance with the Contract Law and other relevant laws and regulations.
According to the provisions of the Contract Law, if the developer delays the delivery of the house, it needs to pay the buyer the liquidated damages or compensation standard agreed in the contract. If there is no agreement in the contract, it can be negotiated according to the actual situation.
In addition to liquidated damages or compensation, home buyers can also ask the developer to bear other losses. For example, if the developer delays the delivery of the house and the buyer is unable to move in on time, the buyer can ask the developer to bear the rental costs, renovation costs, etc.
In addition, if the developer's delay in delivery is caused by force majeure factors, then the developer can be exempted from liability for compensation. However, this requires the developer to provide sufficient evidence to prove that it was caused by force majeure factors.
In short, when the purchase of off-plan property encounters a delay in delivery, the buyer should communicate with the developer in time and ask for compensation. If a solution cannot be reached through negotiation, you can seek legal means to protect your rights and interests. At the same time, when buying off-the-plan property, buyers should carefully read the terms of the contract and understand the relevant laws and regulations to avoid similar problems.