When purchasing a property off the plan, it's crucial to understand and comply with building covenants attached to the land. These covenants often dictate specific requirements that must be met during the construction process. To avoid any issues, it's important to share the building covenants document with your architect, draftsmen, surveyors, builders, and trade contractors before construction begins. Additionally, ensure that any required approvals from the Seller are obtained before starting work. Remember, these covenants also apply to future Buyers, so include a copy with any subsequent sale contract to ensure continued compliance.
Off The Plan Buyers should provide a copy of the building covenants document to any architect, draftsmen, surveyors, builders, and trade contractors that you may engage prior to the commencement of construction work to ensure compliance with these covenants.
A common requirement of building covenants is that all building plans are submitted to the Seller for approval before construction commences. If the covenant requires this, it is extremely important that Buyers comply with these requirements. For any subsequent sale of the property, a copy of the building covenants must be included with any contract for sale as the new Buyer will also be required to comply with the building covenants.
Disclaimer: Every property transaction is different, and the information provided may not be relevant to your circumstances. By using this site you agree that the information provided is for general purposes only and does not constitute legal, financial, or professional advice.
