The hot pool at the new Wanaka Community Pool complex was at risk of being canned, but proceeded thanks to the generosity of two business identities and philanthropists, who bequeathed $1m to enrich the Upper Clutha community they held so dear.
Welcome to our second instalment of Caveat venditor, where we’re exploring the very real risks sellers can face during – and well after – property transactions.
If you haven’t already, you can check out part 1 here.
Caveat Emptor – buyer beware –is a well-worn phrase that underscores the importance of potential buyers doing their homework before agreeing to any purchase – and living with the fallout if they don’t.
It’s now nearly two years since significant changes to the Residential Tenancies Act came into force – so, it’s timely for landlords to double-check they are complying with the new laws, and are up with the play on what’s yet to come.
Making the leap from investing in residential housing to commercial property can be very lucrative – and exciting – but if you’re planning to move into this space, be sure you don’t get caught out by the differences in completing your due diligence.
You’ve probably heard the expression “buyer beware” when it comes to trading property, but what’s not so well understood is that a seller can still carry significant liability.
