Real Estate & Home

Buyer win: Developer's off-the-plan cancel attempt crushed by court

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The Supreme Court of Queensland ruled that a developer cannot use sunset clauses to cancel off-the-plan apartment contracts when the project is delayed. This decision protects buyers' rights and sets a precedent against developers exploiting contractual loopholes during market fluctuations, ensuring fair practices in real estate transactions. Developers should now be cautious about enforcing similar clauses without clear legal justification.

Read the full article at Property News - Latest Real Estate Market News

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