When purchasing new-build property, many special legal questions arise. Below we have collected the most important information.
New Build Property FAQ
What guarantees apply to new-build properties?
In the case of new-build apartments, the buyer is entitled to a mandatory warranty (guarantee), the rules of which are fixed by government decree.
Duration of the Warranty
The warranty period, starting from the handover-acceptance, is tiered:
- 3 years: for defects that do not prevent the basic intended use of the building.
- 5 years: for more significant building structural elements (e.g., roof, insulation, windows/doors).
- 10 years: for load-bearing structural elements (e.g., foundation, walls).
It is important that any defect must be reported immediately to the contractor in writing upon discovery.
Our Related Service:
Buying New-Build Property
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