Question RE Hamilton Park contracts.
Hi Folks,
We're at the point of signing contract for Hamilton Park, and our solicitor asked the developers solicitor (DS) to amend several conditions:
(a) One is that the price of the property upon signing is not final and that it can change post-signing (it mentions increase in labour / materials cost as a reason). The purchaser would therefore be liable for the increased cost.
The DS refuses to remove this.
(b) The DS also refuses to include a condition that the house will be as per specifications as advertised (ie regarding kitchen counters, fridge, washer, dryer etc).
Can I ask, did anybody's solicitor notice item (a) above ?, did you have it removed ? Or if not, did the value of the property change after you signed ?
Secondly, RE (b) above, did other peoples contracts also not include reference to the specifications of the house ? And if not, was the house equipped as advertised ? As per brochure ?
Thanks.
Just to add my experience, it matches what has been reported here by others. The clause mentioned by you in paragraph [a] is something that is in most building contracts my solicitor explained, a protection clause for the builder that is seldom if ever exercised. I guess it falls under the category of "disclaimer" that we are all familiar with in legal contracts. I recollect the same clause being present in contracts I signed back in 2003 for a new build 3 Bed duplex .
I would like to suppose that contractors are not buying materials day to day but rather have materials contracts that are based on an agreed price at the start of the project, a future proof costing that allows accurate pricing of the houses. In the second hand market there is also the risk = gazumping.
What you write in paragraph (b) also looks familiar. It should match the Show House for contents unless the EA states otherwise, that was the case in DM, the exception being the WM & Dryer. In the original brochures I understand these were included as an enticement to sign contracts early but that does not apply now, the EA tells you this when asked. Do not be surprised by changes on a theme between what you get and what you seen in the show house, I notice the interior colour scheme differs on the new houses in DM versus the Show House. Another example of the subtle differences was the bannister on the stairs, in the show house it was finished with a dark wood oil, in the new houses it is varnished natural wood.
I would also encourage you to seek the architects drawings for the exterior as well as the interior of the property. It appears to me that most legal contracts in these big developments provide floor plans and ordnance survey boundary maps but no real architect plans that confirm beyond reasonable doubt what the exterior will look like. I say this because the exterior may change depending on the house location within the development. You may be disappointed to learn that the exterior of the house differs from that of the show house, and btw do not trust the EA when you ask him if your house will match the show house.