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Know your obligations before signing up to a conditional house purchase
An example of the critical importance of purchasers understanding their obligations under conditional sale and purchase agreements is the Strack v Grey case. (Strack v Grey [2019] NZCA 432) What Happened Essentially Grey, an Otago businessman who owned a property in Mosgiel, wanted to buy the Strack’s property in Dunedin. Grey wanted to put in