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Collateral warranties are duties of care owed by a building contractor and/or any member or company of the professional team (e.g. architects, surveyors, planning consultants, M&E consultants, contractors, civil engineers, project managers) to the developer/ landowner which are then passed onto a buyer, tenant, or lender.
On new commercial developments it is important to ensure that the owner has full comfort from the professionals who have advised during the construction process. That can be dealt with by the form of appointment of the professional adviser and we can prepare such appointments.
It is also necessary to ensure that the buyer or tenant of the property can rely on the professionals duty of care and we can advise on the form of collateral warranties to ensure that the required comfort is provided.