Property Pointers - Buying a Property
Signing an unconditional purchase agreement means that once you have signed the contract for the sale of property you are bound to proceed with the deal no matter what.
Having a conditional contract for purchase means that the contract is dependent on something; it may relate to such matters as finance, search and approval of title, unconditional sale of the purchasers own property or receipt of a satisfactory builders report.
Lawyers include conditions into contracts, meaning you can cancel (or renegotiate the price) if an issue arises before the condition is satisfied.
Sharemilkers' Responsibilities
A decision of the Environment Court discussed the difficult position a sharemilker found himself in when working on a farm with an effluent system failure not of his making.
Conservation Related Offending
The Conservation (Natural Heritage Protection) Act 2013 may have gone unnoticed when it was passed into legislation, but itcan have serious consequences for offenders.
The aim of the Act
In short, it amends six of the main Acts administered by the Department of Conservation to create what is described as effective deterrence against conservation related offending.
Family Trusts
Purchasing a new home is an excellent time to consider forming a Family Trust. You can form a Trust at any time, but the purchase of a home is a cost-effective time to form a Trust, because the legal and bank requirements can be completed with the purchase of the house.
A Trust is created by Deed which sets out its powers and places obligations and responsibilities on its Trustees.Trusts can provide you with flexibility for the benefit of your family and protecting your assets.
Buyer Beware
More and more properties are being offered for sale as a mortgagee sale. This can provide the opportunity for a bargain, however the risks involved cannot be underestimated. Our advice? Before you buy at mortgagee sale, consult your legal adviser.
Here are a few practical tips to help you.
