Quote:
Originally Posted by Anita
Hi Zeiad
Thanks for that
If you have had dealings with the Sierra resort in the past are you aware of any agreements regarding 'penalty payments' for late builds???
Basically are we protected by the developer if the complex runs behind schedule
Thanks
Anita
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Yes, it is 1000 EGP / month.
Article 19
In case of any delay in delivery the company shall pay a penalty calculated at LE 1 000 per month.
However this developer is one of the serious ones who'd pay such a penalty without any troubles.