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Thursday, 11 March, 2010 | Business, General, Powers of Attorney, Trusts, Wills & Estates
The new financial year is a good time to review, update or check that your legal affairs are in order. Indeed more and more New Zealanders are reaping the benefits of a healthy lifestyle. This includes keeping fit and being healthy. We at Rainey Collins are of the view that your legal health is important, particularly if you have loved ones, assets or are in business.
1. Business
Do you own a… Continue reading
Thursday, 11 March, 2010 | Employment, Property
After a quick review of the media, everything we are hearing about 2010 is much more positive than it has been for the last few years. Here are a few predictions together with actions you may need to take:
Inflation:
- Should you be looking to fix your mortgage rate in the next 6 months?
- If your assets are likely to appreciate with inflation, should you look to move them into another entity now
Thursday, 11 March, 2010 | Powers of Attorney
Natalie was very excited to have signed a contract for the purchase of her first home. She had saved a good deposit and had organised to borrow what she needed to complete the purchase.
Travelling home from work one night, a week before settlement, she was hit an out-of-control car, and injured badly enough to be hospitalised for 2 months.
All the usual pre-settlement tasks were beyond Natalie … signing her mortgage… Continue reading
Thursday, 4 March, 2010 | Agent Care
A Purchaser has come to you interested in purchasing a property that you have had as a listing for a few months. You know the Vendors are not overly worried about the speed of the sale, and are simply looking to downsize.
You have acted for this Purchaser before and he is becoming well known in the industry as an investor who is always keen for a quick sale with maximum… Continue reading
Wednesday, 3 March, 2010 | Agent Care
Tip #1 - Who is the Vendor?
When preparing contracts it is very important that the parties to the contract are correctly described. The Vendor will usually be the person or persons named as the registered proprietors of the property on the title.
We had a recent example where a property was owned by a company but the contract was prepared with the names of the shareholders in the company as the… Continue reading
Wednesday, 3 March, 2010 | Agent Care
Deposit or Bank Bonds are an alternative to paying a cash deposit on a property which maybe yet to be built or have title issued. So what is the best way to explain this to clients? Simply put, it is a way to enter into an agreement for sale and purchase without requiring a cash deposit while providing the vendor with certainty that the deposit would be paid if required.
Most… Continue reading
Wednesday, 3 March, 2010 | Agent Care
Tip #1 - “Subject to Sale” Conditions
We have noticed that recently many agreements have a “subject to sale” condition in the contract. This means that the necessity of “dove-tailing” settlement dates is extremely important. We recommend that you talk to the client’s solicitor to ensure the settlement dates on both contracts are the same. No-one wants to be responsible for getting someone out of their old home before they can… Continue reading
Wednesday, 3 March, 2010 | Agent Care
You can do a lot in 20 minutes:
- Check your emails and send replies.
- Dash to the shop for a loaf of bread.
- Have a latte with friends and get back to the office.
- Convince yourself not to go to the gym.
- Do yesterday’s urgent work.
Life is pretty hectic these days and we know it. That is why Rainey Collins is offering a FREE 20 minute property consultation to any of your clients who are… Continue reading
Wednesday, 3 March, 2010 | Agent Care
Mortgagee sales can be a danger zone and as a selling agent it is important to be aware of the potential pitfalls, minimising potential risks for the buyers and for yourself …
Tip 1 - Legal Advice
The term ‘buyer beware’ applies more than ever in the context of a mortgagee sale, but making the risks absolutely clear to prospective purchasers is the best way to avoid having to explain to upset… Continue reading
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