by Debra Dorrington | Oct 19, 2010 | General property Law, Sale and Purchase
Vendors registered for GST who signed a contract for the sale before 1 October 2010 and for whom settlement has not yet occurred may find some comfort in section 78 of the Goods and Services Tax Act 1985. That section makes it clear that where the GST rate is changed...
by AlexanderDorrington | Oct 19, 2010 | Sale and Purchase, Subdivisions
Common areas and the requirement to become a member of a society or a shareholder in a company have been popular means of managing residential subdivisions over the last decade. They necessitate compliance with the Securities Act 1978 although an exemption from...
by Debra Dorrington | Oct 18, 2010 | General property Law, Sale and Purchase
The warranty was that “all obligations under the Building Act 1991 were fully complied with” as at the date possession was granted. Although the warranty only applied if the vendor had done works, a recent case has shown that the reach of the warranty may be further...
by Debra Dorrington | Sep 13, 2010 | Sale and Purchase
Purchasers often nominate a third party to perform the obligations under an agreement for sale and purchase. They flag their intention to do so by using the words “and/or nominee” on the front of the agreement. The standard form agreement makes it clear that even...
by Jourdan Griffin | Aug 23, 2010 | Sale and Purchase
The next time you pick up an agreement for sale and purchase of real estate, chances are it will be the latest version (eighth edition 2006(3)) jointly released by the REINZ and the Auckland District Law Society last week. Compensation clause The new agreement...
by AlexanderDorrington | Aug 19, 2010 | Sale and Purchase, Unit Titles
A potential purchaser recently asked just what they should look out for when buying a unit title. I am sure they did not expect a list that was quite as long as I had in my mind but there are a lot of things to take into account. Here is a summary of...
