Navigating Developer Handovers: What Trustees and Owners Need to Know

The transition from developer to trustee control is a key milestone in any new Scheme –  and getting it right is critical to long-term success.

Here’s what to keep in mind:

• Understand the Handover Process – Trustees should ensure all applicable documentation including, but not limited to, building plans; contractor and subcontractor information; warranties, manuals & schematic drawings, occupation certificates and guarantees, are formally handed over.
• Inspect Common Property – Understand the snagging period, NHBRC Process and the guarantees and warranties applicable to the scheme.
• Review Financial Records – It’s vital to review the budget, and the service provider contracts entered into by the developer.
• Establish Good Governance – Enforce the conduct and management rules from the outset to ensure standards are set.

Need guidance on a smooth handover? ANGOR helps Schemes navigate this transition with confidence

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