Browse Forums Building A New House 1 Mar 21, 2010 8:28 pm Hi Everyone We currently have a block of land in an estate, and the conditions in our land contract state that construction needs to begin within 1 year of land settlement. Does anyone know what happens if we don't build within that time frame? We really need to delay building for 2 years... Thanks Lara and Joshua http://pdheywood25.blogspot.com/ viewtopic.php?f=31&t=31186 16.03.10 Scrape 29.03.10 Slab 08.04.10 Frame 11.05.10 Lock Up 03.06.10 Fixing 24.08.10 Handover Re: What happens if we delay construction in an Estate? 2Mar 21, 2010 9:30 pm larajane Hi Everyone We currently have a block of land in an estate, and the conditions in our land contract state that construction needs to begin within 1 year of land settlement. Does anyone know what happens if we don't build within that time frame? We really need to delay building for 2 years... Thanks speak to the developer, but most contracts state that they can re-sell your block. Re: What happens if we delay construction in an Estate? 3Mar 22, 2010 7:26 am Also double check in your special conditions in your land contract what the implications are? If you've settled the block then no, they cannot take your block off you but probably they will have a clause for some sort of penalty such as a financial one? Don't fall for the "Freebies" scam Re: What happens if we delay construction in an Estate? 4Mar 22, 2010 11:16 am I haven't be able to locate anything helpful in our contract yet, I am still looking through it at the moment. Our settlement was last year, so we have already paid for the land (well the bank has anyway). Wasn't sure if they had the right to sell it, and I assume refund us our money, or whether there would just be some type of fine... Might have to give them a ring today if I can't find anything in the contract. Thanks for the help so far Lara and Joshua http://pdheywood25.blogspot.com/ viewtopic.php?f=31&t=31186 16.03.10 Scrape 29.03.10 Slab 08.04.10 Frame 11.05.10 Lock Up 03.06.10 Fixing 24.08.10 Handover 1 10199 The concreter will take and reuse. In my case I bought structural LVLs and scraped them back and used them as joists. 1 5885 Not sure, depends on the builder. We are mid build with McDonald Jones, and they have been perfect so far. Contract signed October 2023, Slab went up 1st week of February… 2 2293 |