Cancellation of a pre-construction property purchase agreement: how it works and what legal precautions to take.

The termination of a pre-construction property purchase agreement occurs when the buyer or the developer decides to end the purchase and sale contract before the completion of the transaction. While this solution may serve the interests of the parties in certain situations, the termination of the contract involves financial and legal consequences that require attention. Issues such as amounts paid, retentions, [...]