The law specifies different timeframes in which a developer is obliged to intervene at no cost to the buyer to correct faults or indemnify the buyer for any damages caused. The type of construction fault determines the timeframe.
10 YEAR CONSTRUCTION WARRANTY
Serious structural faults that affect construction elements such as the foundations or retaining walls.
This guarantee is basically an insurance policy with an insurance company, not your developer or builder. If you have serious structural problems within 10 years of construction you will have to contact the insurance company, who will send an inspector. If they agree that you have structural problems covered by your guarantee they will cover the costs of correcting the problem. If they don’t agree, you will have to take them to court or pay for the work yourself.
3 YEAR WARRANTY
Less serious structural faults that nevertheless render the property or parts of the property uninhabitable, for instance leaking roofs.
By law, the companies and professionals involved in building the property are obliged to correct these kind of faults. ‘Honourable’ and highly professional companies will meet their obligations, but such companies are in short supply. In reality, many owners find it difficult to get promoters and builders to take responsibility. You may have to use a lawyer to force compliance, which involves paying for a survey, getting the results notarised, then having a writ issued against anyone you can claim against, such as the promoter, builder, or architect. This will cost several thousand Euros, perhaps much more, and could take more than a year. It may be cheaper, and will certainly be quicker, if you take it on the chin and pay for the work yourself.
1 YEAR - SNAGGING
Minor problems with the fixtures and finishings such as cracks in plaster or badly fitted windows.
By law, your developer is obliged to correct these kind of faults. ‘Honourable’ and highly professional developers will meet their obligations, but as I have already said, such companies are in short supply. The best thing to do is never complete until you are satisfied that snagging has been done, but that is easier said than done. It all depends upon the quality and professionalism of your developer.
Buyers of resale properties from private individuals are almost entirely responsible for checking the physical status of the property before they buy.
It' also worth pointing out that the clock starts from the moment the completion of works license is issued not from the time the owners complete on the property, so for Condado the 3 year warranty for leaks etc will expire mid 2011.
All problems should be reported to Polaris via the website ( http://www.polarisworld.com/polarisworld/en/atencioncliente ) NOT by emailing customer services direct.
Phil