Weekly Industry News

LAD definition made clear

Weekly Industry News

THE Federal Court ruling which requires property developers to calculate late delivery charges based on the date developers accept buyers’ booking fees is expected to impact the property development sector negatively.

Known as Liquidated Ascertained Damages (LAD), the apex court made three landmark rulings regarding late deliveries of properties between developers and house buyers.

Media Title: The Star

Date: 23 Jan 2021

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