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...
by Debra Dorrington | Mar 23, 2012 | General property Law, Sale and Purchase
A recent decision by the real estate agents disputes tribunal has left real estate agents and lawyers re-examining responsibilities on a sale. A purchaser looked for and thought they had found a property that was a house and income unit. The property had a separate...
by Debra Dorrington | Feb 2, 2012 | General property Law, Sale and Purchase
Right at the end of last year, a High Court judgement was released for the first prosecution under section 141 of the Real Estate Agents Act 2008. That is the section that prohibits a person who is not licenced under the act from carrying out real estate agency...
