Thursday, 13 October 2022 12:18

How not to be cheated by the developer?

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When someone finds a favorable development offer and the vision of their own apartment becomes more and more real, it is easy to be overly enthusiastic, and as a result, you can wake up with your hand in the potty. And this can happen when a dishonest developer is encountered.


There are still reports in the media that someone has been cheated by the developer. It's just that it's actually an inverted representation of the situation. The developer acts on the basis of a contract which he formulates in the most advantageous way for him. Each time the client receives a copy for himself to be able to see it. And this is the moment when you need to concentrate as much as possible and make every effort to understand this contract and catch what may be a threat to the buyer. Because the developer's fault is suggesting an unfavorable contract, but it is the client who decides to sign it.

The best solution is to enlist the help of a lawyer. Contrary to appearances, such a service does not cost much, and compared to the price of the property, the cost is really low. A lawyer specializing in real estate law has certainly had dozens of contracts from many different developers in his hands and perfectly captures all decisions harmful to the client. The process of analyzing the development contract ends with drawing up a written legal opinion, in which it should be clearly stated on what terms the property will be purchased, what are the significance of the individual points and what consequences may result, what potential threats may result from signing this contract, what rights are to the buyer and what legal and financial risk he bears.

Importantly, unlike a contract, such a legal opinion is drawn up in simple, understandable language, it is a specific translation of the contract so that the average buyer of a flat or house can understand it.

It should also be noted that as part of the service, an advocate may also examine the legal status of the property, and above all the land and mortgage register kept for it.

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