Today's article in the Tuesday Mornings for Construction series is devoted to further changes provided for in the "New Developer Act", namely new obligations for banks.

According to the new development act, the transfer of rights arising from the contract to the buyer will still be preceded by the acceptance of the residential premises or single-family house by the buyer

Last week, the Sejm adopted, with amendments, the Act of 20 May 2021 on the protection of the rights of purchasers of residential premises or single-family houses and on the Developer Guarantee Fund.

Today we will indicate what provisions will be required in the content of preliminary agreements to which the provisions of the New Development Act will apply.

Today, we're analyzing further provisions of the Act on the Protection of Residential Property Purchaser Rights and the Developer Guarantee Fund. This time, we'll highlight changes to development agreements.

Today we will explain what consequences developers face in the event of failure to deliver the prospectus, including incorrect information in it or failure to update the data contained therein.