What is the difference between practical completion and handover?

For a new home, practical completion is the stage when all the building work has been completed in accordance with your contract, all statutory requirements have been fulfilled, and your home is reasonably suitable to live in.

You are obliged to carry out an inspection with us before there can be a handover.

You should also check with your bank or lending institution as they too may want to carry out an inspection before completing the financing arrangements.

The handover (or final handover) is the point at which ownership officially passes to you and you make final payment to us.

You will receive an occupancy permit, warranties and instruction documents for any appliances or fixtures we have installed and any other relevant documents from gas, electricity and water providers.

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