Primary Market: How to Read Contracts and “Fit-Out” in Analytics

Primary market: why contracts and "complectation" matter 🏘️

Buying a new-build is as much about paperwork and promises as it is about walls and windows. In market analytics and sales materials, the term "complectation" defines what will actually be delivered. Misreading that term or missing key clauses in the contract often leads to extra costs, delays, and disputes.

What to read in the contract first ✅

• Parties and legal status of the developer — confirm company registration and project history.
• Object description: address, building, floor, planned area and notes about balconies or shared spaces.
• Price and payment schedule: clear instalments, conditions for price changes, and penalties for delays.
• Delivery dates and force majeure: how postponements are documented and what excuses are acceptable.
• Handover protocol and defect remediation: how defects will be recorded and corrected.
• Permits and approvals: building permit, occupancy certificate, and registration procedures.
• Termination and refund terms: when you can rescind, and what deductions may apply.

What "complectation" means in analytics 🔎

• Complectation is the set of items included with the apartment: finishing level (rough or final), fixtures, plumbing, wiring, windows and doors.
• Marketing labels like "with finishing" or "turnkey" vary widely. The practical difference is in the technical specification — the exact materials and brands.
• Analytics tables often simplify complectation. Always request the detailed specification and attach it to the contract.

Practical steps when you review a new-build contract ✍️

1. Obtain the technical specification and make it an annex to the contract.
2. Verify permits and legal documentation for the project and land.
3. Compare the marketing “complectation” with the developer’s specification — any gaps should be recorded in writing.
4. Clarify the handover procedure: who signs the act, whether independent inspection is allowed, and defect correction timelines.
5. Agree on changes: structural or engineering changes should be documented with costs and approvals.

Payment terms and guarantees to watch for 💳🔒

• Advance payments and the presence of secure mechanisms (escrow or trust accounts) protect buyers.
• Warranty periods for construction and engineering works: what is covered and what is excluded.
• Penalty clauses for delays and developer liability — the clearer, the safer.

Red flags 🚩

• Vague or missing technical specification for complectation.
• Missing building permits or unclear land status.
• Overly general timing and payment conditions.
• Pressure to sign quickly and large upfront payments without protections.

Quick pre-payment checklist

• Is the technical specification attached? ✅
• Are permits and approvals verified? ✅
• Is the handover and defect correction process spelled out? ✅
• Is there a money protection mechanism (escrow)? ✅

Conclusion and next steps 🤝

Carefully reading contracts and matching the advertised complectation with the technical specification reduces risk and saves money. We can help review contracts, request specifications from the developer, and prepare a list of points to negotiate. Browse new-build offers or start a search and we'll assist you in choosing a secure, transparent project: https://buyhome.ge/en/search

Contact BuyHome for a friendly, expert check before you commit to a purchase.