What happens if a client identifies a discrepancy in the floor area of the apartment and the area and height of the survey result stated in the Sales & Purchase Agreement at the time of purchase? 

In most cases this is covered in the Sales and Purchase Agreement signed. Most agreements stipulate the floor area and how the price can be adjusted depending on the permitted variation value (which is between 1 – 2%) in most developments. If there is an increase in sq. ft area then the Purchaser will need to pay for the upward variation while if there is a downward variation then this will be deducted from any final instalment payments due to the Developer (if any) or refunded by the Developer prior to executing the Deed of Transfer. No price adjustments will be made if the variance is below the permitted value depicted on the agreement. 

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