What is a landscaping deposit?

A landscaping deposit is a payment made by the buyer to the builder or developer. . It is intended to act as security to ensures that the landscaping will be completed will be completed as per the builder and / or developer guidelines, typically within a specified timeframe. Once the landscaping is completed as per the builder/developer requirements, and an inspection is completed, the deposit is refunded to you.   You are responsible for arranging for the inspection and having the funds released to you.  In some cases, there may be a Caveat on the property title that the developer will discharge once the landscaping and other architectural requirements are satisfied.  You are responsible for following up with your builder or the developer to ensure this Caveat is discharged.

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Updated on August 24, 2023