Section 11
of Housing Developers Project Account Rules 1995
State Subsidiary LegislationIn forceProvision 11 of 12
Section 11
A licensed housing developer may withdraw all monies remaining in the Project
Account when –
(a)
the housing development has been completed; and
(b)
the solicitor for the licensed housing developer has certified that the obligations of the licensed housing developer in respect of transfer of title under all the sale and purchase agreements in that housing development have been fulfilled.
Audit.