Although settlement, ideally achieved smoothly and efficiently, is the aim for agreements of sale and purchase of real estate, not all transactions proceed to that point [do you have a percentage or similar statistic on cancellation rate?]. When cancellation does occur, often it is treated as a straightforward step – yet it actually involves several legal and procedural steps which, if not effected correctly, hold significant consequences for clients and their legal advisers.
This webinar will focus on when cancellation is available, how it must be exercised under the TLANZ-REINZ Agreement and the Contract and Commercial Law Act 2017, and the risks for both clients and practitioners where it is mishandled.
Learning Outcomes
- Refresh your understanding of when cancellation is available in respect of an agreement for sale and purchase of real estate.
- Delve into how the cancellation clause under the TLANZ-REINZ Agreement and the Contract and Commercial Law Act 2017 must be exercised.
- Become better apprised of the risks for both clients and practitioners where cancellation is mishandled.
- Develop a practical framework for advising clients on cancellation by reference to real-world scenarios, including when to proceed, pause, or take alternative steps.
Who Should Attend?
Property lawyers and legal executives. Mortgage advisers (particularly those involved in conditional lending approvals) may also find the session helpful.
Presenter
Kchitij Tiwari | Director, Jury Law Limited
