Free Property Advice. Sale and Purchase Agreements
- Stop, Collaborate and Listen Stacey Fraser, a solicitor at Langley Twigg, cautions you to seek legal advice before you sign a binding document. If you are buying or selling residential property in New Zealand, chances are you will use what is referred to as the standard form REINZ-ADLS Agreement for Sale and Purchase ("ASAP" ) (current edition is the Eighth Edition 2006 (2).) Read More »
- Partly oral "rent to buy" agreement upheld by High Court The High Court has upheld a partly oral, partly written "rent to buy" agreement, signed in front of a kaumatua by only one of the registered owners. Read More »
- Purchasing Property from a Deceased Estate Nineteen-year-old first home buyer Jasmine, bought a $220,000, three-bedroom home in Porirua with a $15,000 deposit from a deceased estate in February 2008. Settlement (the date a buyer actually pays the money and gets the keys) was set down for 10 March 2008. Read More »
- You and GST On Your Real Estate Transactions Despite all the form filling required to record GST outputs (income) and inputs (expenses) moving through business affairs, GST is basically a very simple tax. Unfortunately it becomes complex around the edges of the few items which are excluded from its claws by being exempt, zero rated, or charged at a non-standard rate. Whether ‘IN or OUT’ often raises complex issues of interpretation, and hence a large number of cases fall to be considered by the Courts, with a very substantial proportion relating to real estate transactions. Read More »
- The Deposit - What is its relevance? The vendor wants it, the agent wants it more and the buyer cannot find it. Is it important? This article looks at the issues and tells us why collecting a deposit is so important to the vendor. Read More »
- What are you signing? Be aware of your obligations under a conditional contract How hard do you have to try to fulfil the conditions in an agreement for sale and purchase? This article reviews a recent High Court decision highlighting the importance of your contractual obligations when buying or selling property. It also provides advice on working with your lawyer to ensure you avoid the pitfalls of a conditional Sale and Purchase agreement Read More »
- Out On A LIM - What a prospective purchaser should know about LIM reports Anybody who has bought or sold their own home at any stage will have heard of a LIM report, but what does a LIM report tell you, how do you obtain a LIM and, having obtained a LIM report, what is the impact of that report on the process of buying and selling a home? In this article, Alice Caird, a Partner with the Timaru Lawlink firm of Timpany Walton, explains what you should know. Read More »
Disclaimer/Copyright
The contents of all Articles on this website are of a general nature and should be treated as a guide on their subject matter only. We strongly recommend that you contact the Article author or your local conveyIT firm to obtain specific advice before relying or acting on the information contained in any Article.
The contents of each Article are also subject to Copyright. Please contact us or the author for consent if you wish to use or reproduce an Article.