What information must a developer provide to a purchaser?
A. A developer must give each purchaser a copy of the filed Disclosure Statement, and a copy of any filed Amendment to the Disclosure Statement, before entering into an agreement for sale or lease with that purchaser. See section 15 of the Act. The required form and contents for a Disclosure Statement are explained in our Policy Statements 1 to 3 and 8 to 11.
Related Questions
- If a third party purchaser has paid a developer a registration fee, will an additional registration fee be payable to the Land Department?
- What is Stamp Duty and who is liable to pay the Stamp Duty, the purchaser or the Developer?
- Can a developer change the Disclosure Statement without a purchaser’s approval?
