House - Rent or Buy

[ManDownUnder]

Thats a pretty standard charge for a LIM - thats why I say save yourself the cost. They are not going to advertise you to come down a do it yourself for free are they!
Just pop down there, ask to view the property file on "number blaa, whatever street". If you see something handy, ask if they'd mind you photocopying it. Offer to pay 15c per page or something. I'm pretty sure they cant stop you checking the files.
To be fair this isnt EXACTLY what a LIM is but its the same place they'd get the info for it and same content. I've done this myself, as have many of my mates.

Only snag is the lendors sometimes lend based on the LIM being ok...

Hopefully that's not an issue here, but it might be
MDU

[Groins_NZ]

Well I ended up going into the Council and asked the lady at the counter whether I could look at any information they had on the property. She gave me a small form to fill in with my name and address, etc, went out back and returned with a rather large brown envelope. That was it, I was left to read all that I could and if I wanted anything photocopied it would cost me 20 cents a piece.

I think the $200 fee mentioned on the LIM request is to pay for somebody to go through all the information that I got handed and to make sense of it all while putting it into an official report (memorandum).

Anyway, the house in question was up for tender and we tendered our best which in the end was excepted! yaha yah Settlement/possession date is on the 28th of November although it could be extended because the vendor still has to be issued a code of compliance certificate for alterations they completed.

The code of compliance certificate was our only condition and we stated that we’d like it on or before the 21st November. Well the vendor signed the agreement so surely they must of read it? I think not, as now they our stressing that it isn’t enough time and final inspection is only on Monday the 21st and it will take the council 3 weeks to issue the certificate (three weeks!?). They have come back to us advising that we could move in as tenants on the possession date anyway and just pay them $150 rent.

Excuse me, but if you’d read the agreement and our one and only condition then you obviously wouldn’t have signed/agreed to it!

Anyway, still need to speak to our solicitor to find out what we can/can’t do from here. What fun!

[justsomeguy]

Well I ended up going into the Council and asked the lady at the counter whether I could look at any information they had on the property. She gave me a small form to fill in with my name and address, etc, went out back and returned with a rather large brown envelope. That was it, I was left to read all that I could and if I wanted anything photocopied it would cost me 20 cents a piece.

I think the $200 fee mentioned on the LIM request is to pay for somebody to go through all the information that I got handed and to make sense of it all while putting it into an official report (memorandum).

Anyway, the house in question was up for tender and we tendered our best which in the end was excepted! yaha yah Settlement/possession date is on the 28th of November although it could be extended because the vendor still has to be issued a code of compliance certificate for alterations they completed.

The code of compliance certificate was our only condition and we stated that we’d like it on or before the 21st November. Well the vendor signed the agreement so surely they must of read it? I think not, as now they our stressing that it isn’t enough time and final inspection is only on Monday the 21st and it will take the council 3 weeks to issue the certificate (three weeks!?). They have come back to us advising that we could move in as tenants on the possession date anyway and just pay them $150 rent.

Excuse me, but if you’d read the agreement and our one and only condition then you obviously wouldn’t have signed/agreed to it!

Anyway, still need to speak to our solicitor to find out what we can/can’t do from here. What fun!

CONGRATULATIONS


I'm still a wee way away, but hey good on you for doing it - woohoooo - is this your first house???

[ManDownUnder]

Settlement/possession date is on the 28th of November although it could be extended because the vendor still has to be issued a code of compliance certificate for alterations they completed.

The code of compliance certificate was our only condition and we stated that we’d like it on or before the 21st November. Well the vendor signed the agreement so surely they must of read it? I think not, as now they our stressing that it isn’t enough time and final inspection is only on Monday the 21st and it will take the council 3 weeks to issue the certificate (three weeks!?). They have come back to us advising that we could move in as tenants on the possession date anyway and just pay them $150 rent.

Excuse me, but if you’d read the agreement and our one and only condition then you obviously wouldn’t have signed/agreed to it!

Awesome news on the house - be careful becoming a landlord though. Tenancy Law requires you (as landlord) to give 6 weeks (or is it 12?) notice to get tenants out... make sure you're ok with that.

Also, the on or before the 21st thing. If it's not met does that mean the contract gets amended or canceled (voided). Tread carefully here. A lawyer will sure help.

My thought is to take possession of the help and have them ensure all works get completed to certification standards (it might mean they need to do some building while you are there, but it'll lock you into the purchase... making the certification of works "something for them to do" rather than "a condition of sale". As mentioned before (in this post) the sale might fall through because of that clause...

Good luck! Let us know how you get on... get your lawyer to lock the contract up re the certification of works, and onya for the purchase!
MDU

[Groins_NZ]

CONGRATULATIONS


I'm still a wee way away, but hey good on you for doing it - woohoooo - is this your first house???

Thanks mate. First house we've owned and the first house we were interested in too so not much stress in loosing tenders, etc.

There was definitly one other party very interested as we saw them around at the house first and second times we visited. They also had other family and a builder with them checking out the place - they seemed quite confident it was theirs when overhearing what they were saying.

We only had the one condition as I said and stated two weeks for settlement date as we thought that might work in our favour... perhaps it did?

Hope you find what you're looking for soon so you can 're-hijack' your thread