Article
The COVID clause in the new ADLS Agreement for Sale and Purchase
New COVID clause deals with settlements in the event that the area in which the property is located goes into lockdown.
Cavell Leitch
- Article
The legalities of the property landscape
Three years down the track from the earthquakes, there are still legal issues affecting the property market in Canterbury.Duncan Cotterill - Article
Christchurch – a destination for first home buyers
Purchasers should fully understand the earthquake history of the property before making an offer or going to auction.Cavell Leitch - Article
New real estate sale & purchase agreements - important changes to be aware of
The changes in these new editions of the ADSL sale and purchase agreements are subtle but deceptively wide ranging.Cavell Leitch - Article
In the press: P contamination in residential homes
A clean-up of the average residential home ranges from $1,000 to a few hundred thousand, depending on the contamination.Duncan Cotterill - Article
The perils of not providing body corporate disclosure statements in time, before settlement
The purchaser of a unit can cancel the agreement if the disclosure statements are not provided within prescribed times.Cavell Leitch - Article
Timing of special conditions when purchasing a property
The standard timeframes in a purchase agreement must be amended to take into account a purchaser's special conditions.Cavell Leitch - Article
What does a change of NZ Government mean for the property sector?
New NZ government has quite expressed an intention to implement tighter restrictions on overseas buyers. .Cavell Leitch - Article
Early access to the property – beware the risks
There are some risks you should be aware of, when you allow the other party into the property before the settlement date.Cavell Leitch - Article
An overview of mortgagee sales
Mortgagee sales offer a chance to buy a cheaper property but require thorough due diligence before signing the contract.Duncan Cotterill - Article
Buying a property at a mortgagee sale
If you buy a property at a mortgagee sale, be aware that your contract will be quite different from other agreements.Cavell Leitch - Article
COVID-19 - Buying and selling houses – What can you expect?
Many people are concerned about their house sales and purchases, confirmations and settlements, during COVID-19.Cavell Leitch - Article
KiwiSaver rules tweaked for second chance withdrawals
Previous homeowners with low assets may be able to access their KiwiSaver funds to buy a home, regardless of income.
Wynn Williams - Article
Making your property report count
An 'or nominee' buyer could lose all rights to claim against a building inspector if the building inspection is wrong.Duncan Cotterill - Article
Real Estate Agent complaint numbers fall again - Statistics for 2022-23
Real estate industry is doing well to reduce formal complaints.Wynn Williams - Article
Selling with Leased Solar Panels
If a property is sold with "leased fixtures", such as solar panels, this must be made clear to subsequent purchasers.Cavell Leitch - Article
What is the purpose of a LIM (Land Information Memorandum) report?
When purchasing a property, obtaining a Land Information Memorandum (LIM) report from the council is strongly recommended.Duncan Cotterill - Article
Buyer beware: Christchurch property markets may have hidden costs
Prospective purchasers of properties must be properly informed about the house being purchased, with professional advice.Cavell Leitch - Article
Changes to the Overseas Investment Act – do they affect me?
From 22 October 2018, all purchasers of NZ residential land will have to complete a "residential land statement".Cavell Leitch - Article
Fire damage to a property just days before settlement
This situation showed the importance of insurance – vendors need to maintain insurance right up to the settlement day.Cavell Leitch
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