by AlexanderDorrington | Dec 19, 2011 | General property Law, Sale and Purchase
If you become tempted to purchase a bach over the Christmas period (as a certain partner of ours did one year) then an agreement on an envelope will certainly be legally enforceable if done properly. Debra bought her family bach by recording an agreement...
by Denise Marsden | Nov 11, 2011 | General property Law, Sale and Purchase
In an auction you generally accept the vendor’s title, warts and all. In a recent contract I reviewed that meant there were obligations imposed on the purchaser to pay to have stormwater and sewerage systems inspected annually and covenants limiting what...
by AlexanderDorrington | Aug 3, 2011 | General property Law, Sale and Purchase, Subdivisions
Agreements for sales off the plans will include sunset clauses – or "twilight" clauses as a client called them the other day. I like that new name it seems more accurate somehow. They will also be subject to s225 of the Resource...
by AlexanderDorrington | May 3, 2011 | General property Law, Sale and Purchase
What is CZR? From 1 April 2011 it became compulsory for certain land transactions to be compulsory zero rated (CZR). This means that GST will be charged at the zero percent. The regime will apply to almost all transactions involving land that are made...
by AlexanderDorrington | Mar 25, 2011 | General property Law, Sale and Purchase
Real estate agents have commonly had their own form of tender conditions. The tender conditions were generally similar and most included terms of sale very close to the ADLS/REINZ form of agreement for sale and purchase. A new standard tender form is...
by AlexanderDorrington | Feb 22, 2011 | General property Law, Sale and Purchase
Possession Before Settlement Sometimes on the sale of a residential property, the purchaser wants possession even though settlement is not going to take place when expected. That can occur for a number of reasons: The vendor is not ready. The...
