Can I get compensation for late delivery?

Developers who delay delivery can get compensation according to law. The determination of the developer's penalty for delaying the delivery of the house will first require compensation according to the content agreed in the purchase contract. However, if the liquidated damages are excessively higher or lower than the losses caused, the other party may request to reduce or increase the compensation amount of liquidated damages.

legal ground

In Article 585 of the Civil Code, the parties may agree that one party shall pay a certain amount of liquidated damages to the other party when it breaches the contract, and may also agree on the calculation method of the amount of damages for breach of contract. If the agreed liquidated damages are lower than the losses caused, the people's court or arbitration institution may increase the liquidated damages at the request of the parties; If the agreed liquidated damages are excessively higher than the losses caused, the people's court or arbitration institution may appropriately reduce them at the request of the parties. If the parties concerned pay liquidated damages for delayed performance, the breaching party shall also perform the debt after paying the liquidated damages.