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Final Inspections

August 20, 2009

Good afternoon. Do you have the right to a final inspection prior to possession date? Yes. Condition 3.2 in the Agreement for Sale and Purchase clearly states; If the property is sold with vacant possession the vendor shall permit the purchaser or any person authorised by the purchaser in writing upon reasonable notice: (1) to enter the property on one occasion prior to the possession date for the  purposes of examining the property, chattels and fixtures which are included in the sale. Furthermore if the vendor has agreed prior to settlement and possession to repair or carry out any works you may re-enter the property to confirm compliance of the works.

Have you ever thought of taking a hair dryer to your Final Inspection to check the power points are working.

Have a great day Kim Matheson Principal Property Conveyancing Services Ltd

Council Rates

August 19, 2009

Its that time of year. Everyone around the country will have either received or be in the process of receiving their Council Rates demands. As part of  good  budgeting it makes sense to ensure the Council Rates are  included.  Making a weekly or fortnightly payment to your Council Rates, will save a lot of stress when the Rates demand arrives in the mail. The majority of Council’s have the facility where the payments can be made by automatic payment. On another note it is also a requirement under your Mortgage Contract with your Bank  that the Rates are paid up to date.

Regards Kim Principal Property Conveyancing Services Ltd

When ever you list a property you should always complete a Title Search:

1. It identifies the legal registered owner of the property and who has the right to sell.
2. It identifies the correct legal description of the property to be noted on the Agreement or Contract.
3. It identifies the area/size of the land.
4. A search of the Title Plan will identify the boundaries of the property.
5. It identifies the encumbrances to be discharged from the Title.
6. It identifies the encumbrances and interests which will remain on the Title.
7. It identifies what type of title i.e fee simple, leasehold, cross lease, maori land or strata title. Each of these titles has different estates.
8. It ensures the correct property is being transferred. 
9. It identifies any building restrictions or resumptions.
10. It identifies the use of the land.

In essence make sure you order all necessary searches and read them. If you don’t understand the searches check with someone who does your Conveyancing Practitioner. You don’t want any nasty surprises, for your client’s, your boss or your professional indemnity insurer.

We have search requests available online @ http://propertyconveyancingservices.com/online-title-search-request-form.html . The importance of a little homework can go a long way to establish trust with your clients now and in the future.

More importantly as quoted by Stephen Covey – “Trust is the cash of the new economy”

Cheers Kim :)

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