Apply the provisions in the Housing Developers (Control & Licensing) Act (HDCLA) and Housing Developers Rules, relating but not limited to:
Properties covered by the Act
Sale and no-sale licence
Duties of developers
Mandatory information on housing project to be provided to intending buyers, including scaled floor plans and breakdown in unit floor area
Controls on advertisements
Standard OTP (including its contents)
Standard S&P agreement (including its contents) e.g. buyers’ obligations on payment schedule
Interpret the respective stakeholder’s rights and duties at various stages of a property transaction, e.g. OTP, S&P agreement, Temporary Occupation Permit (TOP), legal completion (cross-refer to Paper 2, Unit 4.2)
Procedure for sub-sale
Remedies for breach by seller and buyer e.g. shortfall in floor area, defects, failure to deliver vacant possession, failure to pay, unauthorised alteration to premises
Compare Sale of Commercial Properties Act with HDCLA so as to draw out the similarities and differences.