Question

What are the commencement dates for strata new homes under the warranty coverage?

a) The date of possession
b) The date of substantial completion
c) The date of the first homeowner meeting
d) The date of the final inspection

Answer 1

The commencement dates for strata new homes under warranty coverage include the date of possession, date of substantial completion, and date of the final inspection.

Step-by-step explanation:

The commencement dates for strata new homes under the warranty coverage include:

1. The date of possession: This is the date when the homeowner gains legal ownership and possession of the property.
2. The date of substantial completion: This is the date when the construction of the home is considered substantially complete, meeting the minimum requirements and standards.
3. The date of the final inspection: This is the date when the final inspection of the home is conducted to ensure that it meets all necessary codes and regulations.

These dates are important milestones that trigger different aspects of the warranty coverage for strata new homes.