Rule
While the decree is in force: where no mortgage is created in favour of the seller, the one-year transfer period runs from the date the full price is paid; a contractor who has been paid in full but fails to transfer title must compensate the buyer for the loss caused; the buyer and seller must pay the title transfer fees within seventy-five business days of publication of the permission or the permission is automatically cancelled; and until all taxes and fees are paid no permanent or temporary water or electricity connection may be made to the property (construction-site connections excepted).[1][2]
Applies to
- Stage:
- Permission to Purchase · Title transfer · Completion