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

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

• Property Details: Comprehensive specifications and design features of the villa.
• Payment Terms: The payment schedule, including the initial deposit and installment amounts linked to construction milestones.
• Completion Date: The expected date of completion and handover of the villa.
• Penalties: Clauses outlining penalties or consequences for delays or deviations from the agreed terms.
• Cancellation Terms: Conditions under which you can cancel the agreement and any associated fees or penalties.