Do you know what a Conditional Agreement means?
Do you know what a Conditional Agreement means?
A conditional agreement is an agreement for the Sale & Purchase of real estate and is a legally binding agreement, but it is subject to certain conditions being satisfied.
These might relate to:
1️⃣ the purchaser arranging suitable finance to complete the purchase,
2️⃣ receipt of a satisfactory builder’s report and/or valuer’s report;
3️⃣ receipt of a satisfactory Land Information Memorandum (LIM);
4️⃣ or the purchaser’s solicitor approving the title to the property.
The Sale & Purchase agreement may also have conditions that require the seller to do something by a certain date.
Once all the conditions are satisfied the agreement becomes unconditional.
Whether you're the savvy buyer or the strategic seller, remember the golden rule: legal advice is your guiding light. 🌟 Legal advice ensures the conditions are crystal clear, paving the way for your seamless real estate journey!
So, next time you're navigating your real estate journey of property transactions, remember: knowledge is power, and legal advice is your compass!💡
Contact me for more real estate advice. My advice is given freely and without obligation. ✨
Poll: When should the tree go up? 🎄
From what we've heard, some Christmas trees are already being assembled and decorated.
What are your thoughts on the best time to get your Christmas tree up?
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5% Second half of November
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44.8% 1st December
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16.7% A week before Christmas
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32.3% Whenever you wish
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1.2% Other - I'll share below
What's your favourite tomato recipe?
Kia ora neighbours. We know your tomato plants are still growing, but we're looking ahead to the harvest already! If you've got a family recipe for tomatoes, we'd love to see it and maybe publish it in our magazine to share with our readers. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our February 2025 issue.
Poll: Should all neighbours have to contribute to improvements?
An Auckland court has ruled a woman doesn’t have to contribute towards the cost of fixing a driveway she shares with 10 neighbours.
When thinking about fences, driveways or tree felling, for example, do you think all neighbours should have to pay if the improvements directly benefit them?
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0% Yes
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0% No
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0% Other - I'll share below
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