Tuesday, April 17, 2012

Should have a Special Lemon Law for Property Development

Recently there are new rules for new properties that there should not be any misrepresentation on how big the actual unit would be and if walls or doors had been removed to give the impression of more living space. However, it seems that not many are following the guidelines.

One of the ways to make these property developers adhere to these guidelines is to adapt the lemon law for new property development. Simply put, if the show flat misrepresents the actual flat, the buyer can return the flat to the property developer and get a full refund, plus all the interest paid so far.

This should ensure all developers follow the rules, won't it?

2 comments:

Property said...

you are sharing marvellous news related to real estate, keep it up.thanks a lot....

Lauren jonczak said...

Great post. I was looking up the differences between the New Jersey lemon law and the West Virgina lemon law. Is the lemon law different in every state? Thanks for sharing.

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