The Completions Process

Some clients have asked us to go over the completions process one more time for clarity.



There are several steps to this process, some of which are a little "chicken and egg".



1. We finalise the word on your apartment and issue a notification to you for snagging and also request that the townhall for them to inspect so we can get our habitation licence.



2. You have 14 days to organise an inspection of the apartment. You can fly out and do this yourself or you can use a third party snagging company.

3. Once you have inspected and handed back your snag list we then have 28 days to correct any defects that are found. If there are none, then as soon as we get the habitation licence we will issue you with notification for deeds. This is always a 28 day notification.



4. If there are defects then once these are corrected and you have made a second satsifactory inspection, if necessary, then once again, as soon as we have the habitation licence we issue you with notification for deeds. This must happen no later than 28 days afterwards.

5. If there is a delay in the process due to mortgage applications or a need to clarify further questions it is vital that you communicate this to us. We have some units that are now outside the 28 day notification period by some margin.

6. If we have owners that do not complete the first thing we are forced to do is reduce or remove the compensation that is awarded to them for the delays on the build. If this does not result in deeds happening then we have to move to cancel the unit. This is not merely a punitive measure on our part, this is a measure that is in turn forced upon us by the banks that are the financing arm of the project.

If you have any further questions please contact the Commercial Director, Iain, on itozer@tecnicil.com

Have a good day!