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Featured Stories
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Can I cancel a Sale and Purchase Agreement after signing?
26 April 2013 3:41 PM | No Comments
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The hidden costs of buying a house
26 February 2013 6:23 AM | 7 Comments
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Mixed use of holiday homes
07 December 2012 2:56 PM | No Comments
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4 Checks to do before buying a property at Auction
06 December 2012 9:49 AM | No Comments
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Can you buy at Auction without a 10% deposit?
05 December 2012 11:06 PM | No Comments
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Buying leasehold is a risky business
11 November 2012 11:47 PM | No CommentsThe risks of purchasing leasehold property have again been highlighted in the media this week with apartments at Scene Three on Beach Rd in Auckland City facing an increasing of ground rent of up 470%. This means that owners of a small one bedroom apartment who were paying $1400 per annum could now be paying $8000 to the Ngati Whatua o Orakei Maori Trust
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IRD focus on property dealings
08 October 2012 12:49 AM | No Comments
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Legal Archive
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Can I cancel a Sale and Purchase Agreement after signing?
Posted on April 26, 2013 | No CommentsAn Agreement for Sale and Purchase of Real Estate is a legally binding document. In some countries there is a “cooling off” period giving you a few days to change... -
The hidden costs of buying a house
Posted on February 26, 2013 | 7 CommentsA house is an expensive purchase – everyone knows that, but there are additional costs associated with purchasing a property that buyers often forget about. 10 costs that are commonly... -
Mixed use of holiday homes
Posted on December 7, 2012 | No CommentsDo you rent out your holiday home or bach? If so the new rules on mixed-use assets could affect you… -
4 Checks to do before buying a property at Auction
Posted on December 6, 2012 | No CommentsWhen purchasing a property at an auction in New Zealand, you need to understand that your purchase is unconditional and that on the fall of the hammer you accept the... -
Can you buy at Auction without a 10% deposit?
Posted on December 5, 2012 | No CommentsMost people know that if you are the successful bidder at an auction you will be required to pay a 10% deposit on the day of the auction to the... -
Buying leasehold is a risky business
Posted on November 11, 2012 | No CommentsThe risks of purchasing leasehold property have again been highlighted in the media this week with apartments at Scene Three on Beach Rd in Auckland City facing an increasing of ground rent of up 470%. This means that owners of a small one bedroom apartment who were paying $1400 per annum could now be paying $8000 to the Ngati Whatua o Orakei Maori Trust -
IRD focus on property dealings
Posted on October 8, 2012 | No CommentsEach year the Inland Revenue Department sets internal goals and decides which industries it will focus its efforts on investigating in the upcoming period. One of this years targets are... -
Sunset Clauses – what are they and when to use them?
Posted on September 7, 2012 | 2 CommentsA Sunset Clause is a clause (also known as a condition) that can be added into a Sale and Purchase agreement when putting in an offer much the same way... -
Deposit confusion
Posted on August 3, 2012 | No CommentsThere is much confusion surrounding the word “deposit” among purchasers, especially first home buyers. This is because the same term is used by different parties (like agents, banks and kiwisaver funds) with... -
Should I put my home in a trust?
Posted on May 17, 2012 | 5 CommentsYou’ve worked hard to get where you are today. You provide well for your family, have a home, a car and some savings in the bank. But a business failure... -
Mortgagee Auctions – Buyers beware!
Posted on February 4, 2012 | 5 CommentsThere may be some bargain properties up for grabs at mortgagee sales but buyers need to beware. Purchasing at mortgagee auction is not without its risks. Buying a property at auction is... -
The Lawyers role in Private Property Sales
Posted on August 2, 2011 | No CommentsThe number of private sale contracts (properties being sold without a real estate agent) coming through my office has increased substantially over recent times so I imagine it would be... -
Crossleases and other forms of land tenure.
Posted on July 20, 2011 | 4 CommentsIf you are looking to purchase a property it is essential that you understand what type of property you are purchasing and the implications of this. There are various types of... -
As if purchasing a property want expensive enough
Posted on April 28, 2011 | No CommentsLINZ disbursement costs are on the rise. Land Information New Zealand (LINZ) has announced that as of 1st July 2011 they will be increasing their charges once again – this... -
Due diligence clauses and why Vendors dont like them
Posted on April 27, 2011 | 1 CommentDue diligence clauses are great for purchasers but vehemently opposed by vendors and agents -
The wording of builders report conditions
Posted on March 14, 2011 | No CommentsMost astute purchasers realize the importance of getting a building inspection done before committing to purchase a property. They do this by inserting a specific condition (clause) in the Sale and Purchase agreement making... -
Christchurch Property Settlements in the wake of the earthquake
Posted on February 25, 2011 | No CommentsMany Christchurch residents with upcoming property settlements are unable to get in touch with their local banks and lawyers and are unsure if their settlement will go ahead or not. Unfortunately there is... -
Pre-settlement inspections
Posted on February 7, 2011 | No CommentsWhen you are purchasing a property under the standard NZLS Sale and Purchase Agreement you have the right to do a final inspection of the property prior to settlement (except in the... -
Its risky relying on a finance condition to get out of a Sale and Purchase Agreement
Posted on January 17, 2011 | No CommentsIt is a common misconception among purchasers in New Zealand that so long as they have a finance condition in their Sale and Purchase Agreement they will be able to... -
Payment of Deposit on property transactions
Posted on January 11, 2011 | 4 CommentsA deposit is not a legal requirement of an agreement for Sale and Purchase of Real Estate, however most Vendors require that one be paid as it shows that the...
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