Rehda calls for Covid-19 (Temporary Measures) Bill


Rehda says property buyers are unable to complete documentation and progress payments, which must be made within 21 days, due to banks’ scaled-down operations in line with the MCO. – The Malaysian Insight file pic, April 8, 2020.

THE country needs an all-encompassing force majeure exemption bill to protect industries from Covid-19’s economic blow, said the Real Estate and Housing Developers’ Association (Rehda).

Force majeure is a common clause in contracts that essentially frees both parties from liabilities or obligations due to an extraordinary circumstance beyond the control of the said parties.


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