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: 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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81.7% Yes
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17% No
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1.3% Other - I'll share below
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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4.9% Second half of November
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44.4% 1st December
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16.8% A week before Christmas
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32.6% Whenever you wish
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1.2% Other - I'll share below
Neighbourhood Challenge: Who Can Crack This One?
This belongs to you, but everyone else uses it.
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
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