Published 2025-12-22 · Updated 2025-12-22 · 5 min read
Purchasing a property that has not yet been built, commonly known as an off-the-plan purchase, can offer benefits but also involves considerations that differ from buying an established property. Understanding these in general terms before signing can help you make a more informed decision.
Sunset clauses
Off-the-plan contracts generally include a sunset clause, which sets a date by which the development must be completed. If completion is delayed beyond this date, the contract may allow either party to rescind in certain circumstances. Understanding how a sunset clause operates in your particular contract is important, as terms can vary between developments.
Changes to the final product
- Plans and specifications can sometimes be varied by the developer within limits set out in the contract.
- Finishes, fittings, and layout may differ from initial marketing materials.
- Common property and amenities may not be finalised until closer to completion.
Finance and deposit considerations
Because settlement can occur well after the contract is signed, buyers should generally consider how their finance approval and deposit arrangements may be affected by the time elapsed, including possible changes in lending conditions or personal circumstances.
Why legal review matters
Off-the-plan contracts often contain more complex conditions than a standard established-property contract. A solicitor can help you understand the general effect of these clauses before you commit, including your rights if delays or changes occur.