25L
CurrentSubsequent purchaser to be given notice given under s. 25J in some cases
25L Subsequent purchaser to be given notice given under s. 25J in some cases
(1)
If a person to whom a notice is given under section 25J is a developer in respect of the residential building work, the person (the developer) must, before entering into a sale contract in respect of the residential building work, give a copy of the notice to the other party to the sale contract (the purchaser) if settlement for the sale contract is, or is likely, to occur within 6 years of practical completion of the residential building work.
Penalty: $10 000.
(2)
A failure to provide a notice in accordance with subsection (1) does not, of itself, invalidate a contract.
[Section 25L inserted: No. 37 of 2002 s. 17.]
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