When must the owner or developer deliver the title of the lot or unit to the buyer?

The correct timing for delivering the title of the lot or unit to the buyer is upon full payment of the lot or unit. This is a standard practice in real estate transactions, as it ensures that the buyer has met their financial obligations before transferring ownership rights. Until the full payment is completed, the seller maintains legal ownership of the property, which protects their interests and ensures that the buyer has fulfilled their part of the agreement.

Delivering the title upon full payment also helps to avoid legal complications that could arise if the buyer cannot fulfill the payment after taking possession. This timing ensures that the transfer of ownership is clear and that the buyer is fully invested in the property they will own. Other options, such as delivering the title after a first payment or at the beginning of construction, do not provide sufficient assurance that the transaction is complete and can lead to disputes between the parties involved.