Unit Turnover
Unit turnover is the process where the developer formally hands over the completed property unit to the buyer. Includes a punch list inspection where the buyer checks for defects before accepting the unit. The buyer then starts paying monthly amortization and HOA dues.
📄 Overview
Unit turnover is the process of formally transferring a completed property from the developer to the buyer. During turnover, the buyer inspects the unit, accepts or notes deficiencies, receives keys and access credentials, and assumes responsibility for the unit. Turnover is the culmination of the pre-selling purchase process and marks the transition from buyer to owner-occupant or landlord.
📄 The Turnover Process
Typical steps: (1) The developer issues a Notice of Turnover when the unit is ready (usually 1-3 months before the scheduled turnover date). (2) The buyer schedules a unit inspection (punch listing). (3) The buyer and developer representative inspect the unit together, noting any defects or incomplete items on a punch list. (4) The developer repairs punch list items (typically 15-30 days). (5) Once the unit is acceptable, the buyer signs the Acceptance Letter and Deed of Delivery. (6) The buyer receives keys, access cards, parking passes, and the unit manual. (7) The buyer begins paying association dues and utility bills.
📄 What to Check
During inspection, verify: structural elements (walls, floors, ceilings), all electrical outlets and switches, plumbing fixtures (toilets, faucets, drains), doors and windows (operation, locks, seals), paint finish quality, tile alignment and grouting, cabinet and closet installation, ventilation and air conditioning provisions, water pressure, and safety features (smoke detectors, fire extinguisher). Compare against the contract specifications and unit plan. Document all issues with photos and detailed descriptions.
🇵🇭 Philippine Context
Turnover is governed by the Contract to Sell, PD 957, and the Maceda Law. Under PD 957, developers must deliver units in accordance with approved plans and specifications. The buyer has the right to refuse acceptance if the unit does not conform to the contract. Once accepted, the warranty period beginsu2014typically 1 year for defects under the Civil Code. After turnover, the buyer must process the title transfer (for completed sales) and begin paying real property tax.
🔗 Related Topics
Documentary Requirements, Title Transfer Process, Condominium Dues, Property Management, Pre-Selling