Delivery Delays: The Investor's Nightmare and the Legal Solution
The issue of "unit delivery delay" is currently the biggest concern facing real estate market customers. Speaking to "Al Borsa News," legal expert Amr Nazir clarified the mechanisms established by Egyptian law to protect buyers from this trap.
The Legal Status of the Delayed Developer:
Delaying delivery beyond the date agreed upon in the contract is considered a "clear violation" of contract terms. The developer cannot evade responsibility as long as the client has adhered to installment payments.
Your Rights as an Affected Customer (Step-by-Step):
Compensation or Termination: The law grants the client the right to choose between continuing the contract while claiming financial compensation for the delay period, or requesting contract termination and a full refund of paid monies (potentially including interest).
Step 1 (Official Warning): The affected client must send an official warning (Inzar) to the developing company via a bailiff, documenting the delay and demanding their rights.
Step 2 (Proof of Case): Filing an official police report (Mahdar) to document the incident and secure legal standing.
Step 3 (Litigation): If the company fails to respond, the client has the right to file a lawsuit before the Economic or Civil Court to recover dues and restore balance to the contractual relationship.