Ministry of the Interior: The disclosure of relay water tanks and base stations for house trading begins May 1.
According to the MOI, the “matters to be recorded and not to be stated in the “standard contract for transaction of readily available house” and “instruction of real estate” were amended last year (2019). The provision state that contractors or real estate agencies should fully disclose whether or not mobile phone base stations resolved and agreed upon by the owners or the management committee to be installed on the rooftop of the property for sale and whether or not there is a relay pump machine room or a water tank in the building. If so, the floor where the aforementioned are located should be clearly stated to that consumers can be given important information on the details of the existing condition of the house, which will aid consumers in making the right trading decisions.
According to the MOI, the amended “standard contract for transaction of readily available house” will be commenced on May 1. Prior to contract signing, the general public is reminded to read the contents of the contract. If the contract provided by the contractor is found to be in violation of the provision on matters to be and not to be stated, the public may demand the contractor to modify the contract terms to ensure their own interests. At the same time, the public may report to the special municipality and county (city) government where the completed house construction case is located to request the contractor to make corrections before a given date. If corrections fail to be made after the deadline, the contractor is subject to a fine of up to $300,000 in accordance with Article 56-1 of the Consumer Protection Act.
The MOI also reminds that real estate agencies commissioned to sell completed houses beginning May 1 should use the new version of the instruction of real estate to provide explanations to buyers. The MOI also calls on the public to “stop, observe, and listen” before buying a house and to cautiously evaluate whether or not the house meets the needs and is within reach financially. If the public finds that an agent fails to produce and provide an explanation according to the amended real estate manual, an offense report may be filed at the special municipality and county (city government) where the real estate agency is located. People who wish to access the revised version released may visit the “Dept. of Land Administration, M.O.I.” (https://pip.moi.gov.tw/V3/G/SCRG0301.aspx ) to search.