Property is being purchased and sold on a daily basis. Unfortunately many people do not understand the legal terminology used when a Contract is being drawn up on their behalf. In this article we are going to explain in plain English the legal terminology of what a Conditional Agreement is.
Conditional
When you enter into an Agreement [...]
Conditional Agreements
April 14th, 2010 · No Comments · Property Conveyancing News, Uncategorized
Tags:Code Of Compliance·Conditional Agreement·Daily Basis·Due Diligence·Finance·Information Memorandum·Land Information·Legal Obligation·Legal Terminology·Necessary Steps·Plain English·Provision·Purchaser·Valuation Report
Fee Simple Title
September 11th, 2009 · No Comments · Uncategorized
What is a fee simple title? Let me tell you in plain English, it is the highest estate you can hold in land next to the Crown. Ownership of an estate in fee simple is not limited by time and continues indefinitely. This type of ownership comes with a load of rights, such as to [...]
Tags:Investment Act·Limited·Matheson·Overseas Investment·Plain English·Property Conveyancing·Resource Management Act·Statute Limitations
“Priority Sum in your Mortgage”
September 8th, 2009 · No Comments · Uncategorized
Has anyone ever explained to you in plain English what your Priority Sum is in your mortgage?
Well let me take this opportunity to explain:
The Priority Sum is a figure that your Bank or Lender nominates so that may be able to borrow more money in the future without having to come back to see your [...]
Tags:Benk·Borrow Money·Caveat·Debts·First Mortgage·Interested Party·Kim Kim·Monies·Mortgagee·Mortgages·New Mortgage·Plain English·Priority·Settlement Questions·Third Party
