Guarantee

The Guarantee is for the Owner and covers the Dwelling or Alterations and Additions Work described in the Guarantee Agreement between the Registered Master Builder and the Owner, and Master Build Services Limited, and is subject to the terms and conditions of the Guarantee.

Period of Guarantee:

All our work is covered by a 7 year Guarantee.

Only Registered Master Builders are able to offer a Master Build New Homes or Alterations & Additions Guarantee to their clients. Master Build Services Ltd, which is wholly owned subsidiary of the Registered Master Builders Federation of New Zealand Incorporated, provides the Guarantee.

The Guarantee Covers:

A. Loss of Deposit - up to 5% of the contract price or $20,000 incl GST, whichever is the lesser.
B. Non-Completion - up to 10% of the contract price or $30,000 incl GST, whichever is the lesser.
C. Defects in Materials - [for two years] after completion of the New Home or Work & Master Build Services receiving the Certificate/Notice of Practical Completion.
D. Defects in Workmanship - [for two years] after completion of the New Home or work & Master Build Services receiving the Certificate/Notice of Practical Completion.
E. Structural Defects - after completion of the New Home or Work & Master Build Services receiving the Certificate/Notice of Practical Completion until the seventh
year anniversary of the date of acceptance.

Building Work That Should Have A Master Build Guarantee:

• All new residential Houses, or Apartments, or Flats, or Townhouses, up to a maximum of three levels, including any basement or garage.
• All new freestanding or non-attached Garages built on a residential section.
• All residential Alterations & Additions work exceeding the members Free Guarantee Limit (on Gold Card).
• All residential Minor Work exceeding $1000 in value, up to the members Free- Guarantee limit. (When this limit is exceeded, a standard Guarantee & fees apply).
• Separate Guarantees must be provided for each dwelling in any multi-unit flat, apartment or town-house complex.

Building Work That Cannot Have A Master Guarantee:

• Dwellings in excess of 3 stories (including basement or garage) are not covered under the Guarantee.
• Guarantees for commercial or industrial building work are not available.
• Fences, paths, driveways, landscaping, retaining walls and ancillary work such as drains and garden sheds are not covered under the Guarantee.
• Minor residential work costing less than $1000 including GST is too insignificant to document.

Transfer of Guarantee:

If the Dwelling is sold during the term of the Guarantee, the Guarantee is transferable upon request by the original Owner, who must arrange for the transfer to the new owner and pay the applicable transfer fee.