3 Points To Check In A Builder-Buyer Agreement

A builder buyer agreement is a very important document for both the builder and the buyer of the property. Are you looking for a new home, apartments in Calicut, you must thoroughly read and verify the document before putting a sign on it. Each point in the document should be cross-checked by the buyer to avoid any unnecessary confusions or issues in the future. Here are some of the most important points in the builder-buyer agreement that must be checked and verified by the buyer.

1.    Timeline

Are you looking for an under construction apartment or flat, then you must consider the construction timeline of the project before making a decision on it. The builder must hand-over the property before the construction timeline mentioned in the builder-buyer agreement.

2.    Area changes

In the builder-buyer agreement, there must be a clear data regarding the extra charges which is applicable if the builder needs to change the area of the apartment, flats in Calicut. The area change is generally super area.

3.    Payment Delay

Cross check the clause which mentions the cost of payment of interest which is applicable if you fail to pay the instalment on time.

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