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How long does it take to delay the delivery of the house count as a breach of contract
Can I get compensation for delayed delivery?
The owner of the house can be compensated for the delay in delivery. In case of overdue delivery, if liquidated damages have been stipulated in the house sales contract signed between the owner and the developer, the developer may be required to compensate for the loss of overdue delivery according to the amount agreed in the contract; If there is no agreement in the contract or the agreement is unclear, the calculation method of liquidated damages can be the total house payment multiplied by the bank loan interest rate and the deferred house payment.
Legal basis: Article 17 of the Interpretation of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Disputes over Commercial Housing Sales Contracts stipulates that:
Where the contract for the sale of commercial housing does not stipulate the amount of liquidated damages or the calculation method of loss compensation, the amount of liquidated damages or loss compensation can be determined with reference to the following standards:
If the payment is overdue, it shall be calculated according to the standard for collecting overdue loan interest of financial institutions stipulated by the People's Bank of China.
Overdue delivery, in accordance with the relevant authorities announced or qualified real estate assessment agencies to assess the same lot of similar housing rent standards during the overdue delivery.
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