Frequently Asked Questions
What am I buying?
You are buying a Fee Simple Townhouse, where there are garages, and there are shared pathway in the form of easement areas registered on the title that will be maintained together, secured by a 1/8th common share on your title.
Is there a Body Corporate?
No. Because the Townhouse has a Fee Simple title, there is no Body Corporate. A Residents Association will be established when the development is complete, enabling each owner in The Glades a say in the management of the development.
What is the Sales Process?
Once you’ve selected your townhouse, a Sale and Purchase Agreement needs to be signed. If the Agreement is signed by the Vendor, your solicitor will then have 10 working days to review the terms of the contract. Once your Solicitor declares the purchaser conditions satisfied, a deposit is payable, equivalent to 10% of the Purchase Price.
What are the timeframes?
Resource consent has been issued with building consent expected to be approved by Q1 2024. EPA construction commences in Q4 2023 and is expected to be complete in about 12 months if no delays. Allowing time for Council completion certification and LINZ certification, settlement is expected Q1 2025.
Is my Deposit Safe?
Yes. Your Deposit is held securely and independently in the Trust Account of the Vendor’s solicitor. The deposit cannot be passed to the Vendor until Settlement occurs.
Is there a Builders Warranty?
Each Townhouse comes with a 10 year Master Build Guarantee or 10-year warranty insurance by Stranford Insurance who is NZ’s leading independent building warranty provider. Materials such as cladding, roofing, windows and doors are covered by industry standard warranties. Appliances are covered by a supplier warranty from their time of delivery. Warranties are assigned from the Vendor to the Purchaser on Settlement.
What if there are any defects with my Townhouse?
In accordance with The Building Act, a Vendor warrants to fix any defects that may emerge within 12 months of the completed build date. Please refer to The Building Act to understand acceptable qualities of building work.