Vendor warranties

Under clause 7 in the standard ADLS sale and purchase agreement, a vendor makes a number of warranties to the purchaser. These include: Importantly, this warranty does not cover any work done by a previous owner. This means that if any of the items listed above don’t work then this should be made clear in the Agreement. Frequently, the warranties …

Working Days over Christmas

The holiday period is fast approaching and for us lawyers it means lazy summer days with a glass of Pimm’s by the pool.  However, for clients and real estate agents it can be a time of confusion and frustration as to what’s happening when. Under the ADLS agreement the definition of ‘working day’ excludes any day in the period from …

What to look out for in a LIM report

Like most lawyers, we encourage our clients looking at a property to get a LIM report.  A strong move towards vendors providing LIMs has meant we’re reviewing more than ever before.   You may have come across lawyers who strongly recommend that purchasers get their own LIM and that they shouldn’t rely on one provided by a vendor. The reason for …

Further terms of sale

Recently, we’ve seen significant growth in the Wellington residential property market and many of you were no doubt thinking that it was about time! With a growing number of buyers and a pool of housing that was struggling to meet that demand, the conveyancing landscape quickly changes. From agreements 4 years ago that were full of ‘further terms of sale’, in …