by Denise Marsden | Aug 16, 2010 | Sale and Purchase, Subdivisions
The Supreme Court decision in Mana Property Trustee Limited v James Developments Limited gives some useful advice about minimum area clauses which developers/purchasers entering pre-sales contracts should consider. This case is also...
by Denise Marsden | Jul 22, 2010 | General property Law, Sale and Purchase, Subdivisions
We recently have been involved with development funding with one of the main banks. The requirements for the pre-sales contracts included: • Purchasers needed to be NZers (residents or citizens) and independent third parties • Each purchaser could only acquire one...
by Debra Dorrington | Jul 19, 2010 | Sale and Purchase
Certificates of Title Remember when you bought a property and the lawyer gave you a handwritten title on paper that was thick and waxy and felt really important? You could see the history of the land you were buying from the many entries on the title. It was...
by Denise Marsden | Jul 2, 2010 | General property Law, Sale and Purchase
There has been a very important Supreme Court decision relevant to all people using the standard form ADLS/REINZ agreement for sale and purchase, whether for residential or commercial deals. The facts Property Ventures Investments Limited v Regalwood Holdings Limited...
by AlexanderDorrington | Mar 29, 2010 | Sale and Purchase
Independent trustees are no doubt very aware that contracts they enter into with third parties expose them to personal liability, unless there is a clause in the contract limiting their liability. Trustees who regularly use the standard (ADLS/REINZ) form of agreement...
