The agreements and leases or transfers need to be prepared carefully to ensure the transaction is successful.
Lockings has expertise in such documentation which will cover:
- how and when alterations to the plans and specifications can be made,
- how the Property is to be built,
- how any deposit paid can to be used,
- the right to assign the benefit of any contract,
- long stop dates for the development and when an agreement can be terminated,
- physical completion (Practical Completion) of the Property and snagging
- new build warranties and the Consumer Code for Home Builders