DEVELOPER ACT. QUESTIONS AND ANSWERS

Are you wondering how to navigate the maze of regulations in the new developer act? Are you looking for answers to pressing questions about protecting the rights of home and apartment buyers? This book is a practical guide that explains all the legal aspects that may raise doubts in an accessible way. Thanks to the question and answer format, you will quickly find a solution to specific problems.

• Practical approach: Explanations in the form of questions and answers make it easier to understand difficult issues.
• Timeliness: Discussion of the new developer act in force since July 1, 2022.
• Protecting buyers' rights: Detailed information on financial and legal safeguards for buyers.
• For professionals and entrepreneurs: Assistance for notaries, lawyers, developers and company managers.
• Developer Guarantee Fund: Explanations of how the fund works and its role in securing buyers' deposits.

The publication discusses the so-called new developer act on the protection of the rights of the purchaser of a dwelling or single-family house and the Developer Guarantee Fund, which has been in force since July 1, 2022. The book, in a practical way, in the form of questions and answers, explains the problems signaled by training participants relating to the legal aspects of the new developer act, which have not been resolved by case law due to the short period of validity of the regulation. These questions primarily concern: the new solutions introduced into the system to ensure effective protection of the rights of purchasers of dwellings or single-family houses, linking payments to the escrow account with the schedule for the implementation of the development project, eliminating the risk of purchasers losing funds accumulated in the escrow accounts, and introducing the obligation to obtain bank consent or an obligation to grant such consent for the unencumbered separation of the dwelling and the transfer of its ownership to the purchaser.

The publication also provides detailed information on the Developer Guarantee Fund, which ensures the payment of funds paid by the purchaser in the event of withdrawal from the developer agreement, declaration of bankruptcy of the developer or the bank maintaining the escrow account. This is an invaluable source of knowledge for anyone who wants to invest safely in real estate and understand their rights and obligations.

The authors, Helena Ciepła and Barbara Szczytowska, are experienced experts in the field of developer law, who are involved in providing advice and training in this area on a daily basis. Their knowledge and practical experience guarantee that you will find reliable and verified information in the book, which will help you avoid problems and make informed investment decisions. Whether you are a notary, judge, lawyer, entrepreneur or manager of a developer company, this publication will be an invaluable support in your daily work.