Many of you would by now be aware that there is a new form of Sale and purchase agreement used for selling and buying real estate in New Zealand. The form has been commisssioned by the Real Estate Institute of New Zealand (REINZ). There have been a number of negative opinions on the REINZ form and there has been an independent opinion sought by the Auckland District Law Society, (ADLS) who, with the REINZ publish the most recognised form (Current Form) of agrement used in the buying and selling of real estate in New Zealand. The copyright in the Current Form is held jointly by those institutions.
Opinion in legal circles tends to be conservative and in the attached link there is the independent opinion commissioned by the ADLS and given by Rod Thomas, an Auckland Barrister, www.adls.org.nz/resources/news-details
Fanselows will at your request send out checklists memoranda and information on a no obligation basis. We do not authorise you to copy or disseminate any material that we send to you. If you email us we will hold your details on our database and will communicate with you from time to time with information or news that we think may be of interest to you. We will not share your details with any third party. If you do not wish us to retain your details on our database then please advise us by email. Thanks.