*What is required for Settlement?
To be able to settle the sales of the new townhouses built we must have three key elements in place. Code of Compliance, Practical Completion Certificate and the title. The process of obtaining a title is complex. The development must meet all conditions of the resource consent and then the title process involves surveyors, lawyers, local council and LINZ. It can often be difficult to get a good idea of the time frame during this process which is why we’ve indicated the last section of the timeline with a dotted line.