by Debra Dorrington | Aug 21, 2012 | General property Law, Sale and Purchase
The recent Blue Chip Supreme Court decision will come as a huge relief to families up and down New Zealand. An argument had been made on behalf of numerous investors in Blue Chip schemes that Blue Chip had breached the requirements of the Securities Act. In signing...
by AlexanderDorrington | Jul 13, 2012 | General property Law, Sale and Purchase
We have set out below a short summary of the changes in the new 9th edition. There are some changes specific to unit titles and commercial transactions, which we cover separately. The first section is potentially relevant to all agreements. ...
by Denise Marsden | Jun 27, 2012 | General property Law, Sale and Purchase, Unit Titles
Sinking funds are common in the management of commercial property. Increasingly they need to be considered in residential developments when dealing with the sale and purchase of the property. There are for example, FF & E Reserves (for replacing furniture,...
by Debra Dorrington | Jun 26, 2012 | General property Law, Sale and Purchase, Unit Titles
For the first time in a very long while pre-sale contracts for residential properties are hitting the market. Residential developers and their banks have been keeping a low profile these last few years but things are beginning to change. Changes in the law mean...
by Denise Marsden | May 10, 2012 | General property Law, Sale and Purchase, Subdivisions
There have been a spate of recent cases about requisitions. That is, purchasers objecting to defective titles. This can be relevant to any agreement for sale and purchase of land, but it is especially relevant where there is a pre-sales contract for land...
by Denise Marsden | Apr 3, 2012 | Business Law, General property Law, Sale and Purchase
On 28 March 2007 Mr and Mrs Singh, experienced orchardists, signed up to purchase a lemon and kiwifruit orchard in Glenbrook. The standard form of agreement for sale and purchase of real estate was used. A due diligence clause was inserted, giving the...