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Diary of a distressed property investor, Part IV.

Diary of a distressed property investor, Part IV.

I headed to Rera for help, and found myself running from one government building to another looking for answers. I got a few.


March 29, 2009 4:59 by

I was ready to give the translator and typist the letter that I drafted for Rera, but then I realized that I still have no idea what my rights are. How am I supposed to know if my developer has broken property laws if I don’t know what the laws are? And what am I supposed to understand of the property laws if most of the people I encountered at Rera and the court each told me a different story? The only laws I can reiterate are those that have appeared in the press, such as the much-contested and highly controversial Law 13. And to be fair, I don’t even know what it actually says, I just like the fact that investors have won cases because their lawyer’s cited it in court; last week an investor won his money back because his developer failed to register the transaction 60 days after it took place…thank you Law 13.

Incidentally, does anyone know how to find out whether your property or transaction has been registered with the Land Department?

In any case, I decided against having my letter translated. I didn’t want my developer to read a ‘threatening’ letter that had gaps. I wanted them read something that’ll knock them unconscious.

All I need now are the laws. Does anyone know where I can find them…in English?

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