20 23 S E T T L E M E N T G U I D E R3 Settlement Guide R3 Settlement Guide 2 3 ARTIST’S IMPRESSION C O N T E N T S Pre-settlement Inspection Organising Your Valuation 90-Day Defects Period Frequently Asked Questions Steps for a Smooth Settlement Curtains and Blinds Unit Management R3 Settlement Guide R3 Settlement Guide 4 5 Renaissance Stage 3, Balcony View Pre-settlement Inspection An important part of ensuring a seamless transition into your new home is your pre-settlement inspection. Pre-settlement inspections at Renaissance Stage 3 are expected to run through October and November, and are your opportunity to give your property the final tick of approval. To guide you through the process, we have compiled the following list of inspection FAQs: Why do I have a pre-settlement inspection? You have waited patiently for your new apartment and now it’s time to come and have a look! The pre-settlement inspection is your opportunity to make sure everything is in order including colour schemes, added inclusions and your opportunity to conduct a defect inspection. How long will I have to inspect my apartment? A total of 30 minutes will be allocated for each inspection to ensure all of the new owners at Renaissance have the opportunity to visit their apartments prior to settlement. What happens during the inspection? You will be accompanied by your sales agent and a representative from Morris Property Group, who will be able to answer any questions about your new property. A list of any rectification items will be compiled and agreed on by you and the MPG team, with the goal of completing any tidy-ups before settlement. Any items that are not complete by settlement will be shared with you to coordinate post settlement. How many people can I bring? As Renaissance is still an active construction site, for safety reasons a maximum of two people may attend this inspection. No children will be permitted on site. Do I need to wear safety gear? We will notify you if this is a requirement prior to your visit. If it is required, it will be supplied by Morris Property Group. We ask that you please wear flat, enclosed footwear and no loose-fitting clothing. Can I inspect my parking space? Yes, you can inspect this area. Can I take measurements for my furniture? The priority for this appointment is the inspection of your new apartment. We advise purchasers to wait until settlement to do this, so the 30-minute pre-settlement inspection can be used to focus on the property inspection. Where do we meet, and when? We will be in contact with you to confirm the meeting point, date and time for your inspection. Morris Property Group is delighted to announce that your new apartment is nearing completion, and we will soon be inviting you to come and see it for the first time. R3 Settlement Guide R3 Settlement Guide 6 7 What is ‘settlement’? Settlement is the stage at which ownership of the apartment you have purchased is transferred from us to you, with the final payment for your new property. When will Renaissance settlements begin? Our program outlines we are on track to call Settlement at the end of November subject to authority processing time frames. We will notify your solicitor once we have called settlement. How long do I have to complete my purchase? You will have 14 days from the date settlement is called. What should I do now? If you haven’t already done so, be sure to contact your bank, financial institution or broker to let them know of Renaissance’s imminent completion. This will give them sufficient time to arrange any necessary valuation inspection and prepare your mortgage documentation. Simply pass on the contact details of your sales agent to your lender so they can arrange any visits and follow-ups. Get in touch with your solicitor or conveyancer A solicitor or conveyancer will act on your behalf to organise the transfer of ownership to you. It is possible to conduct the conveyancing yourself, but we recommend you seek the assistance of a professional, who will ensure a seamless process. Once you have appointed your representative, we will get in touch with them to let them know Renaissance’s settlement date. Is there a settlement pack? Yes. We will present you with a settlement box containing a Welcome Letter plus your keys, access passes and a link to the BuildingLink Owners’ Portal; containing instruction manuals, warranty information and everything else you need to know about Renaissance. Congratulations again on your apartment purchase at Renaissance. The settlement process can seem confusing if you’ve not been through it before, so we’ve compiled a step-by-step guide to ensure you are all set to pick up your keys on time. We are on track to finish construction and undertake pre-settlement inspections in October and November. Settlements – the point at which you will get the keys to your brand new home – are expected to occur in late November 2023 subject to authority processing time frames. As the finishing touches are being applied to your new apartment, there are a number of things you need to do now to ensure there are no delays in taking ownership of your new home. One of the key things to consider is your valuation inspection. What is a valuation inspection? Your mortgage lender may need to do a valuation to determine the value of the property it is lending you money for. Valuations will help your financial institution determine how much they are willing to lend, so they can start getting your finance arranged. What do I need to do? Now is the time to get in touch with your bank, financial institution or broker to let them know of Renaissance’s upcoming completion. This will give them sufficient notice to arrange the necessary valuation inspection and prepare your mortgage documentation. Valuation inspections will be permitted during the last week of October. Simply pass on the contact details of your sales agent to your lender, advise them that valuation inspections will be occurring in the last week of October and they will organise an appropriate time to carry out the valuation. Valuation inspections will be conducted by your lender only, so they can complete mortgage formalities. You will not be required to attend the valuation inspection. Organising Your Valuation We have exciting news – your apartment is close to completion! Steps for a Smooth Settlement R3 Settlement Guide R3 Settlement Guide 8 9 Pricing Building No. Unit Type Blinds and Pelmet (incl. GST) Blinds, Sheers and Pelmet (incl. GST) 2B 1C-B $2,045 $3,616 2B 1J $2,941 $5,482 2B 1L $1,967 $3,469 2B 1M $1,967 $3,469 2B 2A-A $2,672 $5,185 2B 2A-B $2,662 $5,172 2B 2C-A $2,628 $4,776 2B 2C-E $2,725 $4,978 2B 2K-A $3,266 $6,154 2B 2K-B $3,266 $6,154 2B 3A-C $3,946 $7,433 2B 3A-C(LEV 7) $4,637 $8,795 2B 3B $4,366 $8,408 2B 3D-A $3,757 $7,269 2B 3E $3,866 $7,485 3A 1A-B $1,812 $3,140 3A 1B-A $1,817 $3,146 3A 1C-A $2,046 $3,605 3A 1G $1,820 $3,149 3A 2A-A $2,672 $5,185 3A 2A-E $2,672 $5,185 3A 2A-F $3,245 $6,331 3A 2C-B $2,625 $4,751 3A 2C-C $2,621 $4,746 3A 2G-A $3,219 $6,083 3A 2M $3,985 $7,646 3A 3A-A $4,427 $8,387 3A 3A-B $4,427 $8,387 3A 3D-A $3,757 $7,269 3A 3D-B $3,825 $7,162 We are offering an exclusive curtain and blinds package for Renaissance buyers. The package includes translucent chain operated roller blinds to living areas and blockout blinds to bedrooms in a dark grey colour. Sheers are also available to living areas and bedrooms in a Pearl colour. Pricing is indicated in the table below. Should you wish to find out more please contact Ben Comfort from our development team at: bcomfort@morrispropertygroup.com.au Pricing Building No. Unit Type Blinds and Pelmet (incl. GST) Blinds, Sheers and Pelmet (incl. GST) 2A 1A-A $1,812 $3,140 2A 1B-A $1,817 $3,146 2A 1C-A $2,046 $3,605 2A 1N-A $1,817 $3,146 2A 1N-B $1,817 $3,146 2A 2A-A $2,672 $5,185 2A 2A-C $3,264 $6,342 2A 2A-D $3,282 $6,362 2A 2B $2,671 $4,865 2A 2C-C $2,621 $4,746 2A 2C-B $2,625 $4,751 2A 2D $3,212 $6,292 2A 2E $4,347 $8,143 2A 2F $3,436 $6,450 2A 2T $3,875 $7,302 2A 3A-A $4,427 $8,387 2A 3A-D $4,438 $8,418 2B 1B-B $1,802 $3,119 Curtains and Blinds R3 Settlement Guide R3 Settlement Guide 10 11 If you would like to lease out your apartment to capitalise on the strong demand for rental properties in Canberra, talk to MPG’s preferred property manager, Sue Maloney at Maloney’s Property. Sue Maloney 0418 654 063 smaloney@maloneys.com.au Maloney’s will have exclusive access to Renaissance apartments before settlement to arrange photos, advertising and inspections, with the aim of having a tenant ready to move in at settlement. Other property managers will not have access to the building until after settlement, however they may advertise your apartment without photos or inspections. Plan ahead to lease your property. Kitchen, Luxe Scheme Bathroom, Blanc Scheme Unit Management 90-Day Defects Period Morris Property Group is committed to making sure you are delighted with every aspect of your new apartment, and that includes rectifying any maintenance items that may arise within 90 days of settlement. When does the 90-day Defects Period begin? From the date you settle on your apartment. How do I log any defects for attention? You will receive log-in details to our state-of- the-art online portal, BuildingLink. All defects are to be logged in BuildingLink. This will ensure they are received and addressed in an efficient manner. How many times can I log issues within the 90 days? You can upload defects to the BuildingLink portal at any time within 90 days of settlement. At the conclusion of the 90 day period the Builder will review and assess your list of defects. Any defect rectification will occur after the conclusion of the 90 day defects period unless it is an urgent defect that affects security or poses a threat to persons or property within the apartment. What can’t be included on my 90-day Defects Period list? For the full list of exclusions please refer to your Contract for Sale. Are emergency electrical, gas or plumbing issues included in the 90-day Defects Period? Yes, however if an urgent defect arises in your apartment that affects its security or poses a threat to persons or property within your apartment, please contact the emergency phone number provided in your Welcome Letter. What about appliances? In the first instance, we recommend that you refer to your appliance manuals and warranties to seek information if you have an issue (a link to your manuals and warranties will be provided in your Welcome Letter). Should you need further assistance, you will be provided with contact details for a representative of our appliance partner, Harvey Norman Commercial, who will organise for a technician to inspect and rectify any problems that are covered under the appliance warranty. R3 Settlement Guide R3 Settlement Guide 12 13 Frequently Asked Questions Settling in to any new environment takes a little getting used to. To get you up to speed on all aspects of your new apartment (and the rest of the building) we’ve compiled the following tips. Where do I find my appliance manuals and warranties? In your Welcome Letter you will be provided with a link to an online handover pack. This pack includes information about fixtures, fittings, appliances and apartment features. How do the bathroom fans work? Extraction fans run off one motor but they extract air from each room separately. You must ensure all switches are off for the motor to turn off. How do the smoke detectors work? The smoke detectors are hard wired, however they do still require back-up batteries that should be changed as required. Occupants are responsible for testing their alarms. For more information, please refer to your apartment manual. What type of air-conditioning system do I have and where is the condenser? All apartments feature individual Daikin ducted systems. Individual condensers are located in the car parks or on the building’s roof. Please contact the Building Manager if you need access to your AC condenser after settlement. Where are the washing machine taps? Under the laundry tub. What colour is the paint on my walls? Dulux Lexicon Half 60% (White). How do I get my electricity connected? Although the electricity will be connected when you move in, you will need to create an account immediately after settlement to avoid disconnection. The simplest way to do this is to visit www.originenergy.com.au or call 132 461. You will need to quote your Electricity Meter Number which can be found in your owners manual. You can choose another energy provider if you prefer. How is the electricity metered? Each apartment has its own electricity meter. How is the water metered? Water usage will be charged to you through the Strata Manager. You will also receive invoices from Icon Water for the supply charge. These are generally sent out quarterly. Is there gas and how is it metered? While the complex has a centralised Gas Hot Water system, each unit has their own individual gas flow meter and will be required to set up an account with a gas provider. Further information will be provided in the buyer handover pack at settlement. What internet services are available? Each apartment is connected to the Opticomm National Broadband Fibre network, which allows connection to high-speed broadband and voice services. Information on how to set up your internet is provided in the Opticomm Welcome Letter in your apartment manual on the BuildingLink Owners’ Portal. Who is Renaissance’s Strata Manager? The building is managed by Vantage Strata. The best contact to arrange moving in and to answer any queries in relation to the building is: Dennis Holmes 1800 878 728 dennis.holmes@vantagestrata.com.au What does the Strata Manager do? They help to maintain all the common areas, such as corridors, the main entrance lobby, amenities, and car parking areas. They are also responsible for the financial aspects of the day- to-day running of the building. Where do vehicles enter the car park? There are two driveways to the shared basement, which are located on Captain Cook Crescent. Is there storage and where is it located? During your pre-settlement inspection a member from MPG will show your allocated space. Storage cages are located in the basement. Do I need to arrange my own insurance? We recommend that you seek separate advice on contents insurance and other insurance matters. The Body Corporate fund covers building insurance. Living Room R3 Settlement Guide R3 Settlement Guide 14 15 Refuse chute The property has a refuse and recycling chute. Large items should not be placed in the refuse or recycling chutes as they may cause blockages. The following are examples of items that must not be placed in the chutes: removalist boxes, pizza boxes, doonas and pillows, furniture, large amounts of plastic wrap or foam packaging (please refer to your apartment manual for more information). Condensation Canberrans often experience condensation on windows in new houses and apartments, which is caused because new apartments are airtight. It is a requirement of the Building Code of Australia (BCA) and Energy Efficiency Ratings (EER) to reduce heat loss and increase the energy efficiency of our homes. Renaissance is fully compliant with BCA and EER ratings. To manage condensation in your apartment, we recommend that you: • Install window coverings • Open windows regularly to encourage natural ventilation • Close the bathroom door and turn on the exhaust fan when showering • Operate the air-conditioning unit on ‘fan mode’ periodically • Trickle vents have been provided in each apartment to further assist with the management of condensation. These vents allow small ventilation into the space, intended to ventilate the room naturally. They are located in the glass panels near the ceiling. For more details on condensation, see your Renaissance apartment manual. How do I shut off the water in an emergency? The shut-off valves for the main water supply to the unit are located in the ceiling in the lift foyer hallways on each level of the building, accessible via access panels. For major water issues contact the builder within the 90-Day Defects Period (the contact number will be in your Welcome Letter) prior to turning it back on. How can I arrange my move? With the number of new owners at Renaissance, the moving-in process needs to be carefully managed to ensure the experience is as seamless as possible for everyone. Your Strata Manager will help you arrange the logistics around your move, including available dates and times plus, booking lift access. The best contact to arrange moving in and to answer any queries in relation to the building is: Dennis Holmes Vantage Strata 1800 878 728 dennis.holmes@vantagestrata.com.au Important information on roles from here: Sales Agent - Your sales agent will work with you to arrange and assist during your pre-settlement inspection. Once settlement has been called your sales agent will be contactable to assist through that process but please note that at that point the settlement process is a legal matter and questions regarding settlement including day and/or proposed changes, need to be deferred to your solicitor - Once settlement has occurred key collection will be conducted through MPG at their Head Office in Barton. Your sales agent and/or a member of the development team will assist here Development Team - Once you have settled and you have your keys, the transaction with your sales agent has concluded. The FAQ section as well as the Welcome Letter provided in the handover will answer most of your questions once moved in. Any issues regarding defects or queries on defects need to be directed to the development team via dlp@morrispropertygroup.com.au Vantage Strata: Any queries regarding the ongoing operation of the building should be directed to Vantage Strata via the contact details below: Dennis Holmes Vantage Strata 1800 878 728 dennis.holmes@vantagestrata.com.au morrispropertygroup.com.au If you have any further questions please contact: Michael Morris 0419 888 627 mmorris@morrispropertygroup.com.au