Bank guarantee for developer due to the last installment

Hello everyone,

we will be building a semi-detached house with Town & Country. Now we still need a bank guarantee so that the bank also transfers the last installment to Town & Country.
Has anyone built with Town & Country and can tell me what this guarantee looks like or what it contains?

Hello,

we are going to build a semi-detached house with Town & Country. Now we still need a bank guarantee so that the bank also transfers the last installment to Town & Country. Has anyone built with Town & Country and can tell me what this guarantee looks like or what it contains?

There is enough INFO about Town & Country here in the forum/on the entire web for me not to go into it further.

Regarding your question about the bank guarantee, you put it "nicely"; in fact, a guaranteed last installment means that Town & Country can always collect this installment, whether your single-family house was handed over without defects or not!

Did you sign a contract according to VOB?

Kind regards

We also build with Town & Country and have refused this guarantee. It was no problem for our partner. Because he wants to hand over a defect-free house to us!! And not have to call in the guarantee. We have not given any guarantees at all. Only received from Town & Country.