Law of Selling and Leasing Off Plan Real Estate Projects

The developer may request that disbursement from the escrow account be made for administrative and marketing expenses as well as any other non-construction-related expenses of a licensed real estate project, provided that the disbursed amounts do not exceed 20 percent of the value of a sold real estate unit. The certified public accountant must ensure that the total amount disbursed from the escrow account for non-construction-related expenses does not exceed 20 percent of the total value of sold real estate units. Law of Selling and Leasing Off-Plan Real Estate Projects