Home buyers get more rights
http://www.fin24.com/PersonalFinance/Property/Home-buyers-get-more-rights-20100703
Schalk van der Merwe, a property attorney at VFV Mseleku, says the act will offer consumers buying off-plan far greater protection. It will significantly lessen the risks buyers face from the development industry, but at the same time increase the risk for developers.
He says the legislation will impose much greater responsibility on developers to look after buyers, from the point of marketing a property to ensuring that the buyer is entirely satisfied with the end product.
(via Instapaper)
This is thanks to the new Consumer Protection Act coming into place in October. It is good to know that as buyers you are now protected from false claims and/or advertising when it comes to off-plan developments.
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