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I have signed the Buyer's Agreement with ________ (Builder Company) on _______ (Date). It was a commitment by the company that possession will be handed over in ___ months. Thereafter, it was told that by the end of _______ (Extension date, if any), the possession will be given.
This certificate records the hand-over of the site to the contractor for the purpose of constructing the works. in terms of the agreement. A copy of this certificate shall be provided to the contractor.
Access versus possession When contracting, some consideration should be given to whether the contractor is provided with possession of the site, or only access to the site. This is important because possession gives the contractor an exclusive right whereas access gives the contractor a non-exclusive right.
The contract may state the date for possession of the site by the contractor (or commencement date), or, if not, then the site must be handed over to the contractor within a reasonable time after signing of the contract.