Property Law Online
  • Home
  • How It Works
  • Pricing
  • Who We Are
  • Application Form
  • Contact Us
  • Property News
  • Online Property Law Services in New Zealand
    • Form
    • Blog
  • Online Property Law Services in New Zealand
    • Form
    • Blog
Property Law Online

The importance of 'conditional on solicitor's approval'

3/8/2020

Comments

 
conditional on solicitors approval
One of the most common questions we get at Conveyonline is 'when should I get my lawyer involved in the property transaction?' It's a really sensible question - you want to make sure that you aren't signing up to a dud deal, and so your lawyer's input is hugely important. ​

Read More
Comments

Email trumps fax in property agreements

15/11/2019

Comments

 
Email versus fax in legal transactions
If you’ve sold or purchased a property recently it’s likely that you’ve used the Auckland District Law Society and Real Estate Institute of New Zealand Standard Agreement for Sale and Purchase. That document is the gold standard in New Zealand – used comprehensively throughout the industry to cut down on the amount of hours needed by lawyers in the conveyancing process. It comes as big news then that the Agreement is set to be fully revised for the first time since 2012. At the end of November an update will be released – after almost 2 years of work.

The main focus of the changes are to bring the Agreement in line with the modern world we live in. Putting a focus on modern technology and just generally updating the terms. There are three main areas that will see changes in this new revision.

Disputes
The change here focuses on the grounds of compensation being widened from ‘mis-description’ to ‘misrepresentation’. That change effectively creates an expansion of the range of areas under which a claim for compensation (and interim determination) can be made if a dispute arises during the agreement.

GST
The IRD has been brought on board to help tidy up the GST clause to make it more practicable. There were previous issues with timing of GST payment and the new clause seeks to fix that.
​
Email trumps fax
Lastly (and finally!) the agreement has altered to reflect the way we do business in 2019. Previously fax was noted as the primary method for notifying parties in the conveyancing process. That has now changed as the legal profession has finally caught up and made email that primary form of communication.
Comments

What does a property lawyer do?

11/10/2019

Comments

 
What does a property lawyer do?

Read More
Comments

Airbnb in New Zealand - the tax, law and insurance

20/6/2019

Comments

 
Airbnb in New Zealand

Read More
Comments

What did the Tax Working Group say?

5/3/2019

Comments

 
NZ Tax Working Group Suggestions

Read More
Comments

NZ mortgage rates drop below 4%

31/1/2019

Comments

 
Lowest Mortgage Rates in NZ

Read More
Comments

The Australian Conveyancing Email Scam

20/11/2018

Comments

 
Property law email scam

Read More
Comments

Housing: what will Winnie do?

29/9/2017

Comments

 
Winston and property law

Read More
Comments

Housing: NZ Election Promises

9/8/2017

Comments

 
Housing law and political party policies

Read More
Comments

Buying or Selling? Stay in the loop.

12/11/2016

Comments

 
Buying or selling property

Read More
Comments
<<Previous

    Property Law News & New Zealand Property Blog

    Conveyancing Updates

    This page will be dedicated to our musings on property law in New Zealand and what's happening in our property market. Check back often for the latest property news NZ wide as well as updates on property information in New Zealand.

    Nothing in this blog should be construed as legal advice - if you have a legal question, please get in touch with us directly so one of our lawyers can give you that advice.