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Glossary / Property

Snagging

Snagging is the inspection of a newly completed property to list defects for the developer to fix, carried out at or shortly before handover while the obligation to remedy them still sits with the developer.

A snagging report covers finishes, fittings, mechanical and electrical work, and anything that does not match the specification sold.

It has a window. Once handover is accepted and the defects liability period expires, remedy becomes the owner's cost.

Where people get it wrong

Accepting handover before inspecting, because the keys are ready and the tenant is waiting. That trades a week of rent for the cost of every defect.

Related terms

Investments Playbook publishes educational research and general information. Nothing on this site is personal investment advice, a solicitation, or a recommendation to buy or sell any asset. Property and securities can fall in value. Past performance does not predict future returns. Figures shown are indicative and may be delayed. Always take regulated professional advice before acting.