If the developer breaches the contract, he shall pay a certain amount of liquidated damages to the owner.

If there is such an agreement in the purchase contract signed by both parties, compensation shall be made according to the contract. If the owner is not satisfied with the compensation stipulated in the contract, he can appeal to the court, and the court will decide whether to increase or decrease the compensation. If there is no agreement in the purchase contract signed by both parties, compensation shall be made in accordance with the relevant provisions of the law.

2) Cancel the contract and get a refund.

According to the house purchase contract signed by both parties, if the default period of the developer exceeds the agreed time, the owner has the right to demand the termination of the contract, and the developer shall return the house payment in full and pay the liquidated damages within the specified date.

If there is no agreement on cancellation and refund in the contract, the owner has the right to cancel the contract after three months (not more than one year) after the owner urges the house to be handed over. If the developer still refuses to respond, the owner may bring a lawsuit to the court.

National Owner Decoration Exchange Group 573032 185