Passing of risks

When a property is purchased, the risk passes when the property is handed over, while when building a house, it occurs when the building inspection is completed. When the risk passes, the risk is transferred from the seller or contractor to the person who purchases the respective object. An example in the field of house construction: A tiled floor is laid in a new building. Before the building inspection, the contractor is liable for any defect, after the building inspection, however, the responsibility lies with the buyer. Here it becomes clear that a conscientious and recorded construction acceptance is equally important for both sides.