Author(s): compilation of papers
Materials comprised of a paper and a PowerPoint handout
Kevin Glover, Barrister, Shortland Chambers
Robert Huse, Partner, Anderson Lloyd
Although a common feature of many property transactions, the uses and potential pitfalls of nomination, assignment and novation are not always well understood.
These materials consider the similarities and differences between each option and how they may affect common property agreements.
These materials will help you
- Learn about the different consequences of nominating, assigning or novating common property contracts, how third parties may be affected and the impact of the Contract and Commercial Law Act 2017.
- Better understand the practical issues of using nomination, assignment and novation with reference to the ADLS Agreement for Sale and Purchase of Real Estate, including OIO, AML and GST considerations, as well as the assignment of LIMs and other Due Diligence information.
- Gain insights into the assignment and sub-leasing provisions of the ADLS Agreement to Lease and Deed of Lease, including the requirement of landlord consent, potential requirements of bank and personal guarantees and the possibility of novating (surrendering and re-entering) a lease rather than assigning.
Property lawyers and legal executives. Commercial lawyers may also find the webinar beneficial.
|Publication date||July 2019|
|Format||PDF and/or hard copy|
CPD Seminar Papers
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