Residential Developments – the process
Allocation of each section and build will be based on the order of receipt of the Registration of Interest eForm with your details required for the Sale and Purchase agreement and Build Contract.
Then a Sale and Purchase agreement will be sent to you for purchase of the land only. This will be followed by a build contract once you have confirmed any variations. The section contract will need to be signed and returned within 3 working days to retain your allocation. The build contract can be signed after your Bank and your Lawyer have approved it.
Upon signing the Sale and Purchase agreement for the land, you’ll then have 12 working days’ due diligence to confirm both contracts.
If you’re happy to confirm the contracts after the 12 working days due diligence period you’ll then need to advise your lawyer that you’re happy to proceed. You’ll be required to pay the stated deposits. This needs to be paid in two separate payments as follows:
*Note: your deposit is protected under the cover provided by the builder’s third party 10 Year Build Guarantee.