Contracts are long, but most problems come from five clauses. Here they are, and how to read them.
Find the stated date, the grace period after it, and the penalty if the developer is late. A contract with no late penalty means the date is an intention, not a commitment.
If you want to sell before handover, can you? After paying what percentage? Is there a transfer fee? This is the clause that surprises people most.
The maintenance percentage, when it is due, and whether it can rise. Some projects calculate it on the unit price at handover rather than at signing — a significant difference.
The specification annex is part of the contract. If it says “luxury finishing” with no detail, that is not a clause — it is a word.
Read the penalty on you if an instalment slips, after how many days, and when the developer may cancel. Know it before you need it.
Real-estate consultancy team
We write here what we tell our clients on the first call — in numbers, without the hard sell.
Each one was reviewed by an expert on the team.
From EGP 12,750,000
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