S.L. 328.2 · Home Ownership (Encouragement) (S.L. 328.2)
S.L. 328.2 Art. 15Special obligations accordingtonature of application.
(1) Where the application is for the purchase of a dwelling-house under clause 13, the applicant whose application has been approved shall:
(a) conclude the deed of purchase of the dwelling-house within a maximum period of three months from the date of the approval of the application; and
(b) within eighteen months from the date of the publication of the deed of purchase in the case of a joint application by engaged persons, or within two months from the said date of publication in all other cases, occupy the said dwelling-house.
(2) Where the application concerns the purchase of a dwelling-house under clause 11 or 12, the applicant whose application has been approved shall:
(a) conclude the deed of purchase of the dwelling-house within a maximum period of three months from the date of the approval of the application; and
(b) within eighteen months from the date of the publication of the deed of purchase in the case of a joint application by engaged persons, or within six months from the said date of publication in all other cases, occupy the said dwelling-house.
(3) Where the application concerns the purchase of an uncompleted dwelling-house, the applicant shall occupy the said dwelling-house within eighteen months from the date of the approval of the application.
(4) Where the application concerns the construction of a dwelling-house, the applicant shall commence building works within three months from the date of issue of the relative building permit and shall complete the building of the dwelling-house ready for habitation and shall occupy the same within three years and three months from the said date.