The compensation clause under the TLANZ-REINZ Agreement for Sale and Purchase of Real Estate – ‘Clause 10’ – is a significant provision for both purchasers and vendors, and their legal representatives. Yet, whether due to time pressures or for other reasons, the clause is often misunderstood or misapplied.
In this webinar, Hermann Grobler, a member of TLANZ’s Property Disputes Committee, will guide you through the clause’s content and process – including the amendments that took effect on 21 April 2026 under the revised ASPRE – and address common errors with its use.
Learning Outcomes
- Increase your familiarity with the components of a valid compensation claim – what must be included and what is best practice.
- Become better prepared for responding to a compensation claim – what outcomes arise from disputing the amount claimed or the validity of the claim, or both.
- Improve your understanding of expert determination in this context, including the timeframes involved and effects on the transaction.
- Consider deferment of settlement, particularly as to when the settlement date is validly deferred pending an expert determination.
- Explore the recent changes to the compensation clause in the ASPRE, including how these affect the timing and process of making compensation claims.
- Gain insights into alternatives to the compensation claim process.
Who Should Attend?
Property lawyers, conveyancers, legal executives as well as civil litigators. Real estate agents might also benefit from attending.
Presenter
Hermann Grobler |Associate, Pidgeon Judd
