Understand LAD waiver conditions before signing, says Rehda
Buying a new home should be an unforgettable experience – a happy one, that is.
Country Danga Bay loses appeal at apex court over late delivery claim
PUTRAJAYA (April 13): A three-member Federal Court bench on Wednesday (April 13) dismissed a motion for leave to appeal by Johor developer Country Danga Bay Sdn Bhd against damages awarded to seven buyers over late delivery of their service apartments.
LAD to be calculated from collection of ‘booking fee’ — Federal Court
By common practice, in Malaysia, developers have been collecting booking fees ranging from a few hundreds up to 5% of the property prices.
Federal Court: Late delivery payment calculation starts from the date of booking fees' collection
PUTRAJAYA (Jan 19): The Federal Court has ruled that the calculation of the late delivery payment or Liquidated Ascertained Damages (LAD) to begin from the date the booking fees is paid to the developer, instead of the signing of the sales and purchase agreement (SPA).
