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 readingPLUMBING INSPECTION
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 readingLAND TAX/MARGIN SCHEME
LAND TAX/MARGIN SCHEME Land Tax – Corporate Sellers (Acting for Seller Company or Trust) Notwithstanding any other clause, any adjustments of land tax shall be calculated on the basis that the Seller is a company and not a natural person. Apply the Margin Scheme – Buyer: The Purchase Price is inclusive of GST and the […]
Continue readingCONTRACT REVIEW – SOLICITOR
Solicitors Approval This Contract is subject to the approval of all its terms by the Buyer’s solicitors within two (2) business days from the date of this Contract. The Buyer agrees to instruct his/her solicitors to advise the Seller in writing within three (3) business days from the date of this Contract whether the Contract […]
Continue readingSAFETY SWITCH
Safety Switch The Seller must arrange for an approved safety switch for the general purpose socket-outlet to be installed in the Property in compliance with the Electricity Regulation 1994 at the Sellers cost on or before the Settlement Date, failing which the Buyer may terminate this Contract and the deposit paid shall be refunded in […]
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