During the course of contractural negotiations a Vendor/Purchaser or Agent may make statements about the property being offered for sale. Misrepresentation could be made verbally, in marketing or advertising material, or in writing. Generally speaking a misrepresentation is a false statement relating to present or past fact. The Agent and Vendor must be very careful [...]
Misrepresentation
November 2nd, 2009 · No Comments · Uncategorized
Tags:Accountability·Advertising Material·Cheers·Common Sense·Cracks·Foundations·Government Valuation·Marketing·Misrepresentation·Negotiations·New Real Estate·Purchaser·Real Estate Agents
Agreement for Sale and Purchase
October 28th, 2009 · No Comments · Uncategorized
Lets break it down in bit by bit:
Recently the Real Estate Institute of New Zealand released a plain English version of a new Agreement for Sale and Purchase. This Agreement has not been received well by the Real Estate Industry. It would appear the majority of Agents will stick with the Auckland District Law Society Eighth [...]
Tags:Auckland District Law Society·Bank Cheque·Bit By Bit·Certificate Of Title·Contractual Obligations·Eighth Edition·Electronic Transfer·First Option·Front Page·Gst·Instalments·Legal Description·Negotiations·Passports·Possession·Purchaser·Real Estate Institute Of New Zealand·Satisfaction·Settlement Date·Vendors Finance
Property File
October 2nd, 2009 · No Comments · Uncategorized
As a Purchaser is it very important to complete a search of the Property file held by the Council. Each file may contain different information. Here are a few of the common items found on the property file.
1. Building Permits/Consents and associated Plans.
2. Project Information Memorandums.
3. Code of Compliance Certificates.
4. Subdivision Consents.
5. Resource Consents.
6. Drainage [...]
Tags:Building Permits·Caution·Code Of Compliance·Compliance Certificates·Drainage·Fitness·Information Memorandums·Information Notices·Purchaser·Resource Consents·Warrants
Final Inspections
August 20th, 2009 · No Comments · Uncategorized
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 [...]
Tags:Chattels·Compliance·Good Afternoon·Hair Dryer·Matheson·Occasion·Person Authorised·Principal·Property Conveyancing·Purchaser·Services Ltd·Vacant Possession
The Importance of a Title Search
August 17th, 2009 · No Comments · Uncategorized
Would you ask is it important to complete a Title Search on a property prior to preparing an Agreement? I definitely hope you would and the answer is YES!
So why is it so important?
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 [...]
Tags:Boss·Boundaries·Building Restrictions·Cross Lease·Encumbrances·Essence·Homework·Insurer·Legal Description·Matheson·Nasty Surprises·New Economy·Professional Indemnity·Property Conveyancing·Purchaser·Search Requests·Services Ltd·Stephen Covey·Strata Title·Title Search

