Delivered Late and Not Paid: the Truth Behind LAD Payments

Chang Kim Loong, House Buyers Association

05-Aug-16 09:35

Delivered Late and Not Paid: the Truth Behind LAD Payments

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Home buyershave the assurance of compensation when their houses are not delivered in time by developers, thanks to the standard LAD (liquidated ascertained damages) clause in Sales and Purchase Agreements. Or are they? Chang Kim Loong speaks of buyers held to ransom by irresponsible developers who drag their feet or even worse browbeat buyers into accepting less than they are due.

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Tags: LAD Payments, Chang Kim Loong, House Buyers Association

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