It is with great interest to read the attached article http://www.scoop.co.nz/stories/BU0908/S00706.htm?FORM=ZZNR I have to agree that it is always best to engage the Professionals who know what they are doing in their market place.
Archive for August, 2009
We highly recommend you obtain a Land Information Memorandum from your Local Council when purchasing a property. The LIM is a valuable document which details the Council records in relation to the property. An application is made to the Council and a fee is payable. The fees vary from Council to Council but when you consider the investment you are undertaking what is the cost of a couple of hundred dollars to get the right information and protect you. Generally a LIM Report will take approximately 10-15 working days to be completed.
Some general information contained in a LIM Report will be:
1. Features of the land, such as potential erosion, slippage or hazardous.
2. Stormwater and sewerage drainage.
3. Rates information.
4. Consents and notices affecting the land and building issued by the Council.
5. Building Certificates.
6. Use of the land.
7. Any pending orders or notices.
8. Any other information the Council deems relevant.
Please note the above is only a brief outline.
We highly recommend you make any Agreement for Sale and Purchase subject to a LIM Report condition and discuss this with your Conveyancing Practitioners.
Warm regards Kim Principal
We are very proud to announce our business has made it as finalists in the Westpac Rotorua Business Excellence Awards 2009 for Service Provider. We extend a big thank you to our clients, our regular referrers and you know who you are, and our fantastic team. Without the support of you all we would not have made it. We are looking forwards to a fantastic night on the 2nd October 2009. Warm regards
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
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
