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.
While you can bring your lawyer into the equation at any point of the process (from viewing a house, right through to after an agreement has been signed), obviously it won't always be practical to have them involved early in the process. Sometimes you may be buying a property and needing to make an offer within hours on the weekend for example, and have no opportunity to chat to your lawyer (or find one for that matter!). On those occasions, and a ton of others, the importance of one simple condition is paramount. Wherever you aren't a hundred percent certain on something in your contract, or you want to make sure that your lawyer has been had a chance to look over the paperwork, make sure to include a condition that states the agreement is "conditional on solicitor's approval".
Those four words can save you time, money, and alot of headaches in the future. By including or adding them to your agreement, you have the freedom to make or accept and offer with the peace of mind that you'll be able to pull out of the contract if your lawyer isn't happy with something in it once they have had a chance to review it. It's a great little line to have in your back pocket, and a condition most sellers are very comfortable including in a contract.
If you've already got a contract signed and are looking for a lawyer to look it over, be sure to fill out our application form and get your property transaction under way!
Property Law News & New Zealand Property Blog
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.