Lendean
Buy Refinance Rates Calculators Learn Sign in Get started

Property developer (deweloper)

A business that builds flats or houses and sells them under a developer agreement. Its obligations towards buyers are set out in the Developer Act of 2021.

Among other things, the developer must operate a housing escrow account, provide an information prospectus and pay contributions to the Developer Guarantee Fund. You can check the company's details in the KRS (National Court Register), and the legal status of the land in its land and mortgage register.

Related terms

These definitions are for information only and describe the law in simplified form — they are not legal, tax or financial advice. Lendean is not a credit intermediary. Always confirm the details in your contract, with a notary or with the bank.

All terms