What is the legal protocol for handling changes in property size, whether it be an increase or decrease?

What is the legal protocol for handling changes in property size, whether it be an increase or decrease?

What is the legal protocol for handling changes in property size, whether it be an increase or decrease?

If the area of a property exceeds the agreed upon area in a sale contract, any increase in unit net area will not be counted towards value and the developer cannot claim payment for such an increase unless otherwise noted in the contract. Conversely, if the area of a property is less than its agreed upon size, the developer must provide compensation to the buyer for any decrease that surpasses 5% of the unit’s net area.