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Final Inspection Flowchart

Final Inspection Flow Chart In the event that any defects in the property are noted at the final inspection. The following steps should occur: Final Inspection Parties who should attend: Licensed Investor Representative, and / or The Purchaser. Defects must be followed up and rectified by property manager.

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Skorrogan Skontar
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437 views

Final Inspection Flowchart

Final Inspection Flow Chart In the event that any defects in the property are noted at the final inspection. The following steps should occur: Final Inspection Parties who should attend: Licensed Investor Representative, and / or The Purchaser. Defects must be followed up and rectified by property manager.

Uploaded by

Skorrogan Skontar
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Final Inspection Flow Chart

In the event that any defects in the property are noted at the final inspection, the
following steps should occur:

Final Inspection
Parties who should attend:
• Licensed Investor Representative
• Purchaser

Pre-Settlement
Inspection Report
Performed by the:
• Building Inspector, and/or
• The Purchaser

If defects are found:


The building inspectors report and/or
purchasers inspection report highlighting
the defects must be sent to:
Seller’s Representative who sends copy to:-
• Developer
• Vendor’s solicitor
Buyer’s Representative who sends copy to:-
• Purchaser’s Solicitor
• Property Manager (if applicable)

Post-Settlement
Inspection
Property Not Follow up rectification Property
Tenanted of defects Tenanted
• Buyer’s Representative inspects • Defects followed up by Property
property again to check and Manager
informs Property Manager (if • Property Manager corresponds
applicable)
with buyer representative

Prior to expiration of defect


clause in contract
Defects must be followed up
and rectified

© 2007 Central Property Exchange 1

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