When purchasing property in NZ is it very important to have the Sales and Purchase Agreement checked by your Conveyancing Practitioner prior to you signing. There are several very important reasons why and one in particular is in relation to the wording on the chattels, the state of the property internally and externally.
As an example:
1. You should have a condition which states: The Vendor warrants that all electrical, gas and plumbing fixtures and fittings together with chattels (including swimming pool/spa equipment and/or reticulation if included with the sale) will be in good working order at settlement. At settlement date should any repairs be required to rectify any matter in this condition then the Vendor will be responsible for such repairs at their expense. If the repairs can not be completed prior to settlement the Vendor authorises funds to be retained in their Conveyancers trust account to remedy same.
2. Do you require the carpets to be cleaned prior to settlement? If so, this needs to be inserted as a condition in the Contract.
3. Do you want the property left clean inclusive of all rubbish being removed? Lawns mowed and garden beds weeded? The internal of the property being professionally cleaned? If so, this needs to be inserted as a condition in the Contract.
If what you want is not clearly outlined as a condition in the Sales and Purchase Agreement we are not in a position to request it to be completed prior to or after settlement.
Our tips:
1. Take a hair dryer with you when you complete your final inspection and check all the power points are working.
2. Turn on the waste disposal unit, gas elements, oven, extractors, light switches, hot water taps, heat pumps and anything else to make sure they are workings.
The best advice is to speak to your Conveyancer prior to signing the Agreement and have it checked to ensure your interests are protected.
We would love to have your feed back and comments.
