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Publication: Legal Updates

  • Changes to the REINZ-ADLS Agreement for Sale and Purchase

    8 July 2020

    The 10th edition of the REINZ-ADLS Agreement for Sale and Purchase of Real Estate released in November 2019 contains important changes for vendors and purchasers.The key changes relate to: early release of deposit extension of finance condition new toxicology report condition extension of building condition new schedules that separate chattels into those with and without operational functions; and pre-settlement inspection time frames. DepositIt is standard procedure for a deposit to be held by the real estate agent for at least 10 working days before it is released. ...