A number of amendments have recently been made to the current ADLSI/REINZ Agreement for Sale and Purchase of Real Estate. These accommodate the residential land tax requirements introduced by recent legislation. They also incorporate improvements adopted following consideration of suggestions received from lawyers and other interested parties. Presented by the drafter of the agreement and the convenor of the ADLSI Documents and Precedents Committee, this webinar will highlight key changes, provide useful explanations surrounding the underlying drivers for including them and the approach taken when drafting them.
- Understand the changes and the underlying reasons for their introduction.
- Receive guidance into how optional clauses can be effectively implemented to meet the best interests of a particular party.
- Learn more about some of the potential changes to the agreement which were considered but not implemented and the reasons why.
Who should attend?
All property lawyers and legal executives. Real estate agents would also find this session useful.
Tim heads Glaister Ennor’s Land Development and Property team and is President of the NZLS Auckland Branch. He is also currently the Convenor of the ADLSI Documents and Precedents Committee. Tim has over thirty years’ experience advising clients, including those from overseas, in residential and commercial property transactions and developments. He acts for bodies corporate covering all aspects of unit title ownership, body corporate governance, rules and function. Tim is frequently asked to give expert opinions and briefs on matters of a conveyancing nature.
Peter has practised his whole legal career in the area of property law. In 1999 he provided an independent review of the ADLS Forms Committee’s draft of the Seventh Edition of the Agreement for Sale & Purchase of Real Estate prior to finalisation of that form. In 2005 he was the principal drafter of the Eighth Edition of the Agreement. He was later involved in further revisions of the Eighth Edition, each of which resulted in revised versions of that edition. In 2011 he was engaged by ADLSI as the principal drafter of the Ninth Edition and he has fulfilled that role for the subsequent revisions of that edition. Peter was also the principal drafter of agreements for the sale and purchase of real estate by auction and by tender.