ELSC Property Processes
Please complete the ELSC Property purchaser personal details form and then emailed as an attachment back to us at firstname.lastname@example.org
For general purchase including a block of land, off the plan apartment, house and land package, established property etc, Payment of the initial $5,000 Security Deposit per property reservation is NOT refundable once purchaser(s) has signed, dated the contract and haspassed the cooling off periodexcept where mutually agreed by both parties. However, Initial Security Deposit amount will be deducted from balance of the total sales price at settlement.
Note: For overseas/ non-resident investors, FIRB application fee are to be paid in additional and is Non-Refundable. ELSC Property will endeavour to the FIRB application as part of our service.
For building, the following steps and payment schedules help ensure fixed pricing and make the administration and building process as streamlined as possible. The Stages listed below are an indicative guide only, based on standard designs, vacant blocks and are subject to all statutory approvals. ELSC Propertywill endeavour to progress each stage as early as practicable. Payments made in accordance with the schedule below are non-refundable, except where mutually agreed by both parties.
First Stage Responsibility
Payment of the initial $5,000 per dwelling deposit is NOT refundable once we have performed drafting or booked the soil report or any other documentation. Initial deposit amount will be deducted from balance of 5% deposit, which will be invoiced after contract signing.
Explain the different process of a Fixed and Non Fixed Price Contract (please note all Fixed Price Contracts incur a further $5000 non – refundable deposit prior to Colour Selection Appointment)
Decision on a Fixed or Non Fixed Contract process
Supply a clear and legible copy of your Land Contract of Sale, including Title, Planning Guidelines and Restrictions, Developer’s Guidelines andMemorandum of Common Provisions (whichever are applicable).
Advise on lending institution or financial arrangements for funding of construction. Casharrangement will require a signed confirmation that payments are the client’s full responsibility.
Advise on the positioning of the house on the land that meets compliance with all Covenants and guidelines relating to the land (siting)
Provide a list of variations (additions and extras to the standard house plans and specifications). Please be aware that additional Design fee will be charged PER SKETCH after the 3rd sketch has been completed.
Preparation of the Building Contracts and Contract Drawings – there are 3 copies of the contracts and house drawings. 1 for the owner, 1 for the financier and 1 for the builder
Builder and Owner/s
Presentation and acceptance of the Building Contract and Contract Drawings
Once finance is unconditionally approved the owner must supply this letter to the builder
If land is titled – Organise a soil test and topographic survey for preliminary foundation assessment. If titles are not released a soil test will be completed in accordance with developers permission
Order Preliminary Information (Planning Certificates, Sewer and Stormwater
Documentation, Termite Zoning, Bushfire Protection, Flooding, Overland Drainage)
Builder and Owner/s
The Colour Appointment will be organised by the Interior Designer. Please allow up to 3 hours for this appointment)
Provide land ownership confirmation (Letter of Settlement from Conveyancer or Solicitor)and Construction Funding confirmation (i.e. Bank Letter of Offer or similar) ELSC can refer qualified Conveyancer or Solicitor to the Owner/s if require.
Builder and Owner
Pre Site Meeting – This meeting is extremely important to both parties as it is the final check list of all documentation prior to building commencement. The following documentation will be supplied to the client to check and sign off:
- Complete set of working drawings, including cabinetry, elevations, lighting
- Complete set of inclusions
- Colour Selections
- Pre-site Check List
Builder and Owner’s
All documentation will be presented to client for sign off at the Pre Site meeting
Apply for the Building permit (Note that any applicable Planning Permits are the responsibility of the Owner/s unless authorised by Builder’s). Payment of Building Permit, Home Owners Warranty Insurance Charges and Statutory Government Charges
Complete all Administrative processes
Ordering of all Materials required for construction and assembly of a Site File for the Building Supervisor
Checking of the Site File and allocation of the Site File to the Building Supervisor. (Note:
Construction of all homes must commence within 21 days of receipt of all the necessary approvals, consents and Building Permit.
Builder and Owner
General Progress Payments (all amounts include GST):
- Initial Deposit
- Contract Signing 5% of Contract Sum, less payment of Initial Deposit
- Base Stage Completion 15% of Contract Sum, in accordance with Contract Documentation
- Frame Stage Completion 20% of Contract Sum, in accordance with Contract Documentation
- Lockup Completion 30% of Contract Sum, in accordance with Contract Documentation
- Fixing Completion 20%, in accordance with Contract Documentation
- Settlement 10% of Contract Sum, in accordance with Contract Documentation
Note: Any Post Contract Variations or Building Variations are payable after completion of the relevant stage.
The above does not apply in any form to allotments which have existing homes requiring demolition.
Progress payments schedule may change depending on the size and cost of the construction and the selected builder. It will be confirmed with the owner/s prior to signing the Contract Documentation.