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

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

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