PLUMBING INSPECTION This Contract is subject to and conditional upon the Buyer obtaining a satisfactory report from a licensed Plumber as to the condition of any septic tank/enviro flow system on or before 14 days from contract date.
Continue readingFAMILY LAW SETTLEMENT/PROCEEDS
FAMILY LAW SETTLEMENT – PROCEEDS This Contract is subject to and conditional upon the completion of the Buyer’s property settlement and receipt of all moneys due and payable to the buyer within 60 days from the date hereof. The Buyer shall notify the Seller within seven (7) days of completion of the Buyer’s property settlement […]
Continue readingBUYER IS A COMPANY – GUARANTOR CONDITIONS
THIS CONDITION MUST BE COMPLETED AND THE COMPANY DIRECTORS MUST SIGN AS GUARANTORS: 1. GUARANTEE 1.1 In consideration of the Seller entering into this Contract with the Buyer at the request of the Guarantors, the Guarantors, jointly and severally guarantee to the Seller: (a) The performance and observance by the Buyer of all its obligations […]
Continue readingSHORTFALL COMMISSION/BUYER INTRODUCTION
Shortfall of Commission: The Sellers acknowledge that the deposit held by the Deposit Holder is an amount less than the commission and marketing fee payable by the Sellers to their Agent. The Sellers hereby irrevocably authorises and directs the Buyers and/or the Buyers Solicitor to pay to the Sellers Agent on the date for completion, […]
Continue readingSELLER DISCLOSURE/WARRANTIES
Disclosure of Non Approved Building Works (eg pergola): The Buyer acknowledges that the improvements on the Land include a (insert structure) which has been erected on the subject property without Local Government Approval. The Buyer agrees not to make any requisition, objection or claim in relation to the existence of the (insert structure) and agrees […]
Continue readingINSURANCE – SELLERS RISK
Property at Seller’s Risk until Settlement Date: Notwithstanding the provisions of Clause 8.1 of the Terms of Contract for Houses and Land, the Seller and Buyer hereby agree that the property shall be at the Seller’s risk up to and until completion of the Contract
Continue readingLEASEHOLD/FREEHOLD CONVERSION
Conversion to Freehold: 1. This contract is subject to and conditional upon the Seller obtaining the consent of the Minister for the Department of Environment and Resource Management (“Minister”) to transfer the leasehold to the Buyer prior to the settlement date; 2. Documents relating to the Minister’s consent shall be prepared by the Seller; 3. […]
Continue readingPROFESSIONAL CLEAN
PROFESSIONAL CLEAN : This Contract is subject to and conditional upon the Seller, at its own expense, having the property professionally cleaned prior to settlement. If the Seller does not have these works completed prior to settlement, the Buyer may at the Buyer’s election either: 1. Deduct a reasonable amount from the balance of purchase […]
Continue readingASBESTOS REPORT
ASBESTOS REPORT 1. This Contract is subject to and conditional upon the buyer obtaining a report from a registered asbestos inspector in relation to the location (if any) and/or removal of any asbestos material located at the property within 14 days from the contract date. 2. In the event that the report identifies asbestos material […]
Continue readingCONFIDENTIALITY CLAUSE
CONFIDENTIALITY CLAUSE The parties hereby agree and acknowledge that all terms and conditions for the contract entered into will be kept strictly confidential and no details, whether verbally or written, will be divulged to any person, company or entity excepting for the advice sought from any legal representative, accountant or professional advisor.
Continue reading