<Article Twelve of the Executive Regulations of the Off-Map Sale or Leasing System stipulates that: The developer may request disbursement from the escrow account for administrative and marketing expenses - and other non-construction expenses of the licensed real estate project - at a rate not exceeding (20%) of the value of the real estate unit sold. The chartered accountant must ensure that the total amount disbursed from the escrow account for non-construction expenses does not exceed (20%) of the total value of the real estate units sold.

<Article Thirteen: The developer may - after the approval of the competent authority - withdraw what exceeds the total actual cost of finishing the real estate project and its services, based on a report from the contractor and the consulting office. Provided that the legal accountant keeps (20%) in the escrow account until the real estate project is completed.

<Article Fourteen: The chartered accountant must keep (5%) of the total value of the construction cost in the escrow account, or the developer must provide the chartered accountant with a bank guarantee for the same amount, after the developer obtains the completion certificate, and the amount kept in the escrow account shall not be paid to the developer until the expiration of a period (one year) from the date of completion of the licensed real estate project. Or in the event that an insurance policy for hidden defects of buildings and constructions is provided, as specified by the regulation.

The developer is obligated to submit financial statements - prepared by the chartered accountant - for each licensed real estate project; to the competent authority, according to Article Fifteen.

Executive Regulations of the Off-plan Sale or Leasing System