sale and purchase agreement (land and building) - Ministry of ...

observed all the terms and covenants on his part under thisAgreement; and(d)the completion of any alterations or additional works undersubclause 15(2), if any.(2) The delivery of vacant possession by the Developer shall besupported by a certificate of completion and compliance and includes thehanding over of the keys of the said Building to the Purchaser.(3) Upon the expiry of fourteen (14) days from the date of service of anotice from the Developer requesting the Purchaser to take possession of thesaid Property, whether or not the Purchaser has actually entered into possessionor occupation of the said Property, the Purchaser shall be deemed to have takendelivery of vacant possession.Defect liability period.26. (1) Any defect, shrinkage or other faults in the said Building which shallbecome apparent within a period of twenty-four (24) calendar months after thedate the Purchaser takes vacant possession of the said Property and which aredue to defective workmanship or materials or the said Building not having beenconstructed in accordance with the plans and description as specified in theSecond and Fourth Schedule as approved or amended by the AppropriateAuthority, shall be repaired and made good by the Developer at its own cost andexpense within thirty (30) days of the Developer having received written noticethereof from the Purchaser.(2) If the said defect, shrinkage or other faults in the Building have notbeen made good by the Developer within the said period of thirty (30) days undersubclause (1), the Purchaser shall be entitled to carry out the works to repair andmake good the said defect, shrinkage or other faults himself and to recover fromthe Developer the costs of repairing and making good the same and thePurchaser may deduct such costs from any sum which has been held by theDeveloper’s solicitors as stakeholders under item 5 of the Third Schedule,provided that the Purchaser shall, at any time after the expiry of the said periodof thirty (30) days, notify the Developer of the cost of repairing and making goodthe said defect, shrinkage or other faults before the commencement of the worksand shall give the Developer an opportunity to carry out the works himself withinfourteen (14) days from the date the Purchaser has notified the Developer of hisintention to carry out the said works and provided further that the Purchaser shallcarry out and commence the said works as soon as practicable after theDeveloper’s failure to carry out the said works within the said period of fourteen(14) days. In such an event, the Developer’s solicitors shall release such costs tothe Purchaser from the stakeholder sum held by the Developer’s solicitors under