A building survey is an inspection and investigation of the construction and services of a property in sufficient depth to enable a surveyor to advise what impact the condition of that property will have upon a client/owner, to advise upon any future problems that may occur with the various components of the building
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Until recently the only mortgage provider for those with adverse credit, arrears or a Bankruptcy against them was an Australian lender called Liberty Financial. Liberty do a great job but their pricing is high and their Valuation requirements mean that unless you have a property in a main urban centre the chances of being approved are slim.
Renovating is an exciting concept for most people. Having the chance to pick your favourite paint colours, go shopping for all the appliances, fixtures and fittings and generally put your signature to something can be a real buzz.
Historically anyone making changes to a unit title development needed either to complete a redevelopment plan or to cancel the unit title plan and start again. Both options needed unanimous consent from all of the owners.
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 or apartments.
The aftermath of the Christchurch earthquakes has given rise to a number of commercial and legal issues for landlords and lawyers. From insurance questions, to rental abatement, access and questions of untenantability, the earthquakes have left their mark on the commercial property market.
Building Amendment Bill (No.4) had its first reading in parliament on 1 May 2012. The bill, if passed, will significantly enhance the consumer protection measures for building work.
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 Council New Zealand recently released its manifesto Fast Forward to Growth. It is easy to read, focused on commercial property and aimed at encouraging growth, productivity and investment.
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.