APIA Blog

RSS Feed

Conveyancing Q&A - No code of compliance

Monday, February 29, 2016

In this week's Conveyancing Q&A, Hilary Jenkins covers what it means when there is no code of compliance.  

APIA Ask An Expert

I have signed a conditional sale and purchase agreement upon satisfaction of LIM.  The LIM report shows that there is no code of compliance for an extension.  Should I still go through with the sale?  What does it mean for me to own a property with no CCC?

APIA Ask An Expert

It is not always a deal breaker if you find building work has been carried out without building consent, or if a final CCC has not been issued. It really depends on the scope of work done, how much was inspected and what still needs to be done to achieve compliance.

Owning a property without CCC can have a number of issues including affecting your insurance coverage, the property's resale value, and your ability to obtain a mortgage, all the way through to potentially being required by Council to re-instate the property, but again that depends on exactly what building work is involved.

Disclaimer - The answer provided above is informational and should not be relied upon as legal advice.  For personalised legal advice, please feel free to contact Lifestyle Legal Services Limited or your professional legal advisor directly.  

For more information on Auckland Council Code Compliance Certificate click here

 

Hilary Jenkins

Hilary is the director of Lifestyle Legal Services and a veteran of the conveyancing industry having built up an impressive work history of over 20 years (15 of which as a Registered Legal Executive).

To date, Hilary has played an integral part in the success of a wide range of residential and commercial transactions.  Lifestyle Legal stem out of Hilary's passion for the property industry and desire to offer clear and down-to-earth advice for her customers.  


Do you have any conveyancing related questions for Hilary?  Email your questions through to admin@apia.org.nz.  

Recent Posts


Tags

debt enforcement maintenance inspection Q&A principal and interest financial advisers act smoke alarm sale and purchase parry v inglis market rent winz buying tenancy issues letting damage negotiation housing affordability airbnb cash-flow house prices asbestos productivity investment strategy capital gain property value CCC relationship property sale and purchas Kris Pedersen Mortgages and Insurance nzpif trespass reserve bank unitary plan ask an expert beginner investor bad tenant Landlording Tribunal case study rent arrears heater legal investor LIM tenant CoreLogic rent minor dwelling Standards New Zealand buying rules development tenancy tribunal warren buffett personal growth ird short-term rental interest only bond form Investor story wealth creation p lab insulation positive cash flow initio renovation watercare interest rates data security ring-fencing boarding house election 2017 tenancy services speculator scotney williams extractor fan ocr market water bill Jeff Bezos worksafe off the plan skill shortage robert kiyosaki heating Sponsored post property cycle Property (Relationships) Act cgt rental wof mortgage equity HSWA meth contamination finance property management television banking warm up new zealand rental market shower dome Must knows housing bubble education subdivision advice ventilation trademe holiday house auckland wins clnz business letting fee cat management Investment tip Editor's Choice rent increase privacy How to Must know TCIT property maintenance HHS return first home buying landlord Holler trust government fixed-term tenancy income bond buyer's agent building rta reform auckland council DTI partners HHGA Question and answer tax Guest blog anz lvr twg report structure rta gluckman report Market report sublease insurance

Archive

Introducing Our Partners
Principal Sponsor - Kris Pedersen Mortgages & Insurance logo Gold Sponsor - Barfoot & Thompson logo Gold Sponsor - CoreLogic logo Property Apprentice logo Keith Hay Homes logo The Insulation Warehouse logo The Renovation Team logo The New Zealand Property Investors' Federation logo
09 360 2376
info@apia.org.nz

The Tenancy Practice Service and TPS Credit Control work closely with the Auckland Property Investors' Association. Our vision of bringing helpful resources, documents and high quality services to Auckland Property Investors and Property Managers is shared by APIA, so its a partnership that works well. 

The Auckland Property Investors' Association is a great organisation for those who want access to advice and information from a range of industry experts and partners. 



Mathieu Holt- Managing Director, The Tenancy Practice Service & TPS Credit Control
Through the Association I found the channels and methods to fund the purchase of property I never dreamed about. Grant Brown

All round it has been one of those things Neil and I felt was really worthwhile belonging to. We have learned so much it has just built our confidence in what we are doing.

Janice Bieleski
I read two articles in the monthly magazine that saved me over $5,000. That is my membership fee for the next 26 years and I am sure I will learn a whole lot more! John Duncan
Fantastic organisation. The networking opportunities are brilliant and provide us with information and opportunities that cannot be obtained anywhere else. We learn something new at every meeting and we've been in this game for nearly 20 years. Pauline and Gyanen Kumar

I find the information obtained from various APIA meetings very useful in guiding my own property investment and rental management.  I also enjoy the networking opportunities with like-minded investors.  I am inspired by other investors’ success and find the more experiences and knowledge that I share with others, the more confident I become.  

Thanks to all APIA event organizers and administrators for your brilliant work. 

Stella Shao

I like talking to people and learning from their experience because it gives me the confidence to invest well. I think it is a knowledge thing. I now know I am doing things the right way.

Stephen Weatherall

My APIA membership has become a total success.

Every time I attend a monthly or regional meeting I come away with so many useful and positive tips that have added value to my property investments and management.

Not only that, the website is a great place for practical advice and useful information. It has now evolved into an important resource for my business.

Talk about value for money! The discounts I have been getting at Bunnings when I present my APIA membership card have more than paid for my annual subscription!

Tim Duffett, Plan A Investments Limited