Commercial law
VEFA sales and the difficult issue of the final instalment of 5%
When a building is completed, the completion guarantee expires and the purchaser can no longer request that the contract be declared null and void. The last payment instalment, representing 5% of the price, is often a source of dispute. In the event of defects or lack of conformity, the purchaser can deposit this amount. Delays do not generally justify a deposit, but withholding payment is sometimes allowed if the building is defective.
9. February 2022
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