• Home
  • Services
    • Employment Law
    • Corporate & Commercial Law
      • Business or Share Sale & Purchase
      • Business Finance
      • Joint Ventures & Co-Ownership Agreements
      • Commercial (Contracts, Policies & Terms)
      • Corporate Restructuring
      • Privacy
      • Technology & IP
    • Property Law
      • Commercial Conveyancing
      • Residential Conveyancing
      • Residential Property Financing
      • Subdivisions & Land Developments
    • Trusts & Succession
      • Trust Establishment
      • Trusts Administration
      • Wills
      • Powers of Attorney
    • Family Law
      • Legal Aid & Family Legal Aid Advice Service
      • Adoption
      • Family Violence
      • Caring of Children
      • Relationship Property Agreements
    • Immigration Law
      • Visa Applications
    • Estates
      • Estates Administration
      • Advising Beneficiaries
      • Estates Litigation & Claims
    • Elder Law
      • Retirement Villages
      • Reverse Equity Mortgages
      • PPPR Applications
    • Insolvency & Debt Recovery
      • Corporate Insolvency
      • Debt Recovery
  • About Us
    • Your Team
  • Resources
  • Payment
  • Blog
  • Contact
Building Contracts & Retention Sums
September 23, 2015
Are You Considering Retirement Village Living?
September 23, 2015

Building Your New Home – Why Include A Sunset Clause?

September 23, 2015
Categories
  • Property Law
Tags
When building a new home, there are several important steps in the process that have potential to delay final completion date. In some circumstances, for example, you may be waiting for a subdivision and new title to issue, or there may be an issue with the build that delays or prevents the issue of the Code Compliance Certificate (‘CCC’).

Delays do not automatically give you a right to cancel a contract. It is important, therefore, to protect your position in the event of unforeseen delays.

A “sunset clause” sets a date by which something must happen – this may be issue of the certificate of title for the property or the CCC. Where the date set down passes and the title or CCC hasn’t been issued, you can cancel the agreement and avoid being locked into an agreement indefinitely.

Related posts

October 8, 2020

Tenancy in Common vs. Joint Tenancy


Read more
September 9, 2020

Buying off the Plan


Read more
March 17, 2020

Retirement Village Living


Read more
Wakefields Lawyers

CONTACT US

04 970 3600
info@wakefieldslaw.com

FOLLOW US

NEWSLETTER SIGN UP

  • This field is for validation purposes and should be left unchanged.

MENU

  • Privacy Policy
  • Website Terms of Use
  • Terms of Engagement
© 2020 Wakefields Lawyers. All Rights Reserved. Wellington SEO by Media Giant.
  • Home
  • Services
  • About Us
  • Resources
  • Payment
  • Blog
  • Contact