Sale and Purchase Agreements: What You Need to Know Before You Sign
Buying or selling property in New Zealand? The Sale and Purchase Agreement sets out the terms of your deal and is legally binding once unconditional. This plain-English guide explains key clauses, common conditions, and why getting legal advice early can save you stress and money.
Received a “free” LIM? Know the risks!!
When purchasing a property, it’s advised a purchaser obtains a Land Information Memorandum Report (also known as a LIM Report). A LIM Report can be obtained from the local authority for a fee, and contains valuable information about the property such as soil contamination, plumbing, drainage, consents, licences, permits, rates, and zoning. When a property is being sold at auction, the real estate agent will often obtain a LIM Report and make it available to potential buyers.