hand over proceedure

[stevecarol]

Hi All
Our villa will be completed the end of may, what would be the normal way of handing over from the builder, ie at what point do you hand over payments, is it when you get the keys,or couple of weeks later,the builder says we will go to the deeds office and transfer our names,and all we need to take at some passport pics.
Anyone who has been though this, your experience would be usefull to know.
Cheers

 

[peter the postie]

He'll probably just hand you the keys on arrival. He should show you around so you can check for snags too. You'll also need photocopies of passports.
Most people hold back on a small part of the payment and pay it on the arrival of the Tapu, but that depends on whats in your contract.

 

[buzzzmedia]

I wouldn't worry about it just yet. If it's due to be handed over in May it will probably be October or May 2010!

 

[stevecarol]

I wouldn't worry about it just yet. If it's due to be handed over in May it will probably be October or May 2010!

Is that from first hand experience then.

 

[peter the postie]

Wev'e bought twice from builders, and both were on time