What details should be included in the purchase agreement for an off-plan townhouse?

The purchase agreement for an off-plan townhouse should include the following details:

• Property Specifications: Comprehensive information about the townhouse’s design, size, features, and layout.
• Payment Schedule: A detailed breakdown of the payment plan, including the initial deposit, progress payments, and any other financial arrangements.
• Completion Timeline: The expected date of completion and handover of the townhouse.
• Penalties for Delays: Terms outlining any penalties or consequences for construction delays or deviations from the agreed terms.
• Cancellation Terms: Conditions under which the agreement can be canceled, including any associated fees or penalties.