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Apartment Purchase Off Plan Agreement

Document Type
Microsoft Word (Editable)
Pages
5
Price: KES 200
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Document Overview

An Apartment Purchase Off-Plan Agreement is a legal contract between a buyer and a developer for the purchase of an apartment that is still under construction or has not yet been built.

Key Components:
1. Parties Involved
2. Property Description
3. Purchase Price and Payment Terms
4. Completion Date
5. Developer’s Obligations
6. Buyer’s Obligations
7. Defects Liability and Warranty
8. Transfer of Ownership
9. Cancellations and Termination Clauses
10. Force Majeure
11. Dispute Resolution
12. Miscellaneous Clauses

Purpose:
1. Secures Purchase.
2. Plays a role as an Investment Opportunity.
3. Helps secure financing for construction of the property.
4. Provides legal clarity and protection to both parties.

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