We get asked questions about what we do and how it can help developers all the time. Below are some of the most frequently asked questions and our answers.
If there’s anything else you would like to know we’d be happy to give you some advice over the phone. Contact us here to find out more or visit our Linkedin page for up to date content
WHAT IS THE BUILDER’S RECTIFICATION PERIOD?
This refers to a period of time following the legal completion of a new build residential property (previously known as the Builder’s Liability Period). The warranty provider (NHBC, Premiere Guarantee etc.) requires the developer to be responsible for resolving any legitimate build defects during this time.
HOW LONG IS THE BUILDER’S RECTIFICATION PERIOD?
This is usually the first two years between the date of legal completion (when the purchaser completes on the sale) and the 2nd anniversary of this date. Depending on the warranty covering the property, this period may be less or more but two years is standard.
WHO IS RESPONSIBLE FOR THE BUILDER’S RECTIFICATION PERIOD?
The easiest way to find this out is to check with the warranty provider or to look at the warranty certificate. It’s usually the property developer but it could also be the main contractor who worked on the build or in some cases a 3rd party. Ultimately whoever is named by the warranty provider is legally responsible for these obligations. Although individual commercial agreements may come into play.
WHAT IS A SNAG?
A snag is a legitimate issue with the finished property on the day it is sold to a purchaser. At this time nothing should be wrong and so if anything is, this is called a snag. Snags can be identified by a purchaser on an initial snag list. The time allowed to identify snags differs depending on the developer. It is a good idea to implement such a process as it protects both parties.
WHAT IS A DEFECT?
A defect is a legitimate issue which arises during the builder’s liability period (post Legal Completion). These are defined by the warranty provider’s guidelines but essentially it’s anything which fails or breaks because of failure of product or workmanship in the property.