Contracts
What is a 'punch list' in new construction and how does it relate to Hawaii purchase contracts?
AA. A list of potential buyers for a new construction project
BB. A list of incomplete or defective items in new construction that the builder must complete before or shortly after closing; often addressed in new construction purchase agreements✓ Correct
CC. A list of all inspection findings that the seller must repair before closing
DD. A marketing checklist used by Hawaii developers for new construction sales
Explanation
A punch list identifies items in new construction that are incomplete, damaged, or defective and must be corrected by the builder. In Hawaii new construction purchase agreements, punch list procedures specify how items are identified at a pre-closing walkthrough and when they must be completed. New home buyers should carefully document and negotiate punch list items before closing.
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