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Hong Kong Law Reform Commission |
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Chapter 12 - The importance of
public education
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12.1 We
take the view that the best way to protect purchasers is for the purchasers
themselves to exercise due care before entering into a transaction. In this
respect, public education is very
important.
Recommendation
40
We recommend that the Government
should launch publicity programmes to educate the public on the need to exercise
due care in buying properties. The publicity programmes should alert the public
to the need to:
| l | Be
aware that the purchaser may not be able to obtain the financing
advertised. |
| l | Note
and report defects in the property as soon as possible and in any event within
the Defect Liability Period. |
| l | Check
carefully the Deed of Mutual Covenant as it is an important
document. |
| l | Check
the land uses carefully. |
| l | Consider
the inherent risks if it is a confirmor
sale. |
| l | Take
note of the charge of Government rent in certain
developments. |