PETALING JAYA: Barry bought a RM1mil property. The developer did not complete the project within the time limit as stipulated in the sale and purchase agreement. Under the law, Barry can claim for late delivery charges, legally known as liquidated ascertained damages (LAD).
“Two months ago, the developer negotiated with us to pay 70% of the compensation, or RM280,000 of LAD. My lawyer who handled my SPA advised me to stand firm on the 100% that I’m entitled to and offered to help me get the full sum of RM376,000,” said Barry, who has yet to receive any payment.
Already a subscriber? Log in.
Save 30% and win Bosch appliances! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
