Grace Period for a Real Estate Development (Incorporação)
This page is a translation of the original Portuguese text, provided for convenience. It deals with Brazilian law. If there is any discrepancy, the Portuguese version prevails. Read the original in Portuguese
The period stated by the developer in the project’s registration binder (memorial), during which the developer may lawfully withdraw from the project by giving written notice to the real estate registry and to each buyer.
Legal reference: Law 4.591/1964, arts. 34.