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‘For over 20 years we’ve been building traditional and contemporary-style homes tailored to your needs and designed to last…’
The building contract features 3 pricing options, 5 conditions precedent and 3 deadlines. It currently offers the best possible level of protection available, providing the client with complete protection thanks to the provisions of the law of 1990 and its compulsory guarantees and insurance cover. It sets down legally-enforceable deadlines and a legal framework that offers the client total protection.
This acts as a guarantee of the constructor’s commitment to complete the building contract at the agreed price and within the agreed timescale and offers protection in the event of the construction firm in question going bankrupt. The construction firm will have signed up to a performance bond agreement with a surety bond company which, from the first day that construction begins, is financially liable for non-performance or faulty or incomplete performance of the work as stipulated in the contract. If necessary, this company will designate another contractor or builder to finish the house.
The construction firm attests that it has adequate insurance cover against the consequences of financial liability under articles 1792 and following and article 2270 of the French Civil Code relating to professional liability. At the beginning of building work, the construction firm will also provide on demand the necessary documentation showing they are covered by an insurance policy as legally required under article L242-1 of the Code des Assurances (French Insurance Code). The construction firm will take out ‘Dommages Ouvrage’ (client’s insurance cover) for the client, unless the latter explicitly makes a request to take charge of this themselves. The construction firm undertakes to respect the terms of the defects liability period which runs for one year starting from the date of handover to the customer. This guarantee does not apply to work required due to normal wear and tear, inadequate maintenance or misuse and abuse. It is furthermore stated that the client will take out their own insurance cover against fire, storm and hurricane risks as soon as the building is at the watertight stage.
a. You are covered by the defects liability period for one year with regard to the construction work as defined in the contract, starting from the handover date. Any repairs that are required to be carried out which are noted at handover or during the first year following handover must be performed by the construction firm.
Guarantees provided by the insurers
a. During the ten year period following handover, you are covered by a ten year warranty. Your contractor is legally bound to take out this insurance cover. This cover relates to the repair of defects that affect the structural integrity of the building and which prevent it from being used for the purpose for which it was intended (habitability). Also covered are fittings that are an integral part of the roof, the walls and the utility connections.
MAISONS TRADITIONNELLES has taken out insurance cover with Euler Hèrmes SFAC Crédit in order to guarantee that all of its subcontractors will be paid on time.
MAISONS TRADITIONNELLES has taken out a Resale guarantee policy with the ALBINGIA insurance company that is applicable to all home-building contracts signed on or after October 1st, 2010. In the event of the house being sold for less than its purchase price, this cover will pay the policy-holder or their beneficiary 20% of the house’s purchase price, up to a maximum of 20,000 €. To benefit from this cover, the policy-holder must make their claim within 5 years of signing the Resale guarantee contract.
In order for your home to be as comfortable as possible, all our detached house models are compliant with the RT 2012 standard.
|Maisons Traditionnelles - Stéphane IZARD - 50 impasse de Varsovie - 82000 Montauban - Tél 05.63.20.10.42 - Fax 05.63.66.23.94 - email@example.com|
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