If you are looking to purchase a property it is essential that you understand what type of property you are purchasing and the implications of this. There are various types of land tenure in New Zealand namely: continue reading »
The lawyers role in Private sales and purchases of Property
The number of private sale contracts (properties being sold without a real estate agent) comming through our ofice has increased substantially over recent times so I imagine it would be the same across the industry. I did however do a quick search on Trademe and note that of the latest 100 homes that were listed in the Auckland area over the last few days 36 of these were private listings. continue reading »
Essential conditions to include in a Sale and Purchase Agreement
Buying a property is a big investment, often the biggest individuals make in their lifetimes making the Sale and Purchase Agreement one of the most important documents they will ever sign. It is therefore quite alarming to see how many people enter into this legally binding contract without getting advice from a lawyer and without understanding what is contained in the agreement. continue reading »
Builders report conditions – watch the wording!
Most astute purchasers realize the importance of getting a building inspection done before committing to purchase a property. They do this by inserting a specific condition (clause) in the Sale and Purchase agreement making the contract subject to their obtaining and approving a builders report on the property. continue reading »
Due diligence clauses are great for purchasers….
Purchasing a property is a decision not to be taken lightly. A Sale and Purchase Agreement is a legally binding contract so its only natural that purchasers are sometimes afraid of being tied into the agreement without having time to fully investigate the property, surrounding neighborhood, rental/resale potential, cost of renovations and other issues. continue reading »
