Planning for settlement day when buying
There are a number of things you need to do before settlement day to make sure everything runs smoothly.Summary of important things to know
If you find issues during the pre-settlement inspection
If you find damage during your pre-settlement inspection that wasn’t present when you signed the sale and purchase agreement or if a chattel is missing, contact your lawyer or conveyancer immediately. Your lawyer or conveyancer will outline your options and can negotiate with the seller’s lawyer or conveyancer to rectify the situation.
Contact the agent to arrange the pre-settlement inspection. It should be at least 2 working days before the settlement date so there is time for the seller to address any issues.
If the property is tenanted, be aware that extra time may be needed for the landlord to get the tenant's consent for the inspection.
If it’s important to you that the property is clean and ready for you to move in, you can include this as a condition in the sale and purchase agreement, for example, by stating that the house is to be commercially cleaned.
New Zealand Healthy Homes Standards - What are they?
The Healthy Homes Standards?
The Healthy Homes Standards are part of the Residential Tenancies Act. The Act requires all rental homes to comply with specific regulations regarding insulation, heating, ventilation, moisture ingress & drainage and draught stopping by July 2021.
The minimum level of ceiling and underfloor insulation must either meet the 2008 Building Code, or (for existing ceiling insulation) have a minimum thickness of 120mm and be in reasonable condition with no dampness, damage or displacement. The new Healthy Home regulations also specify where insulation exemption applies.
Landlords must provide one or more fixed heaters that can directly heat the main living room. The heater must be an acceptable type and must meet the minimum heating capacity required for your living room. The World Health Organization (WHO) recommends a minimum indoor temperature of 18˚C. By installing a heater that can reach this temperature on the coldest days of the year, tenants will be able to keep warm all year round.
Ventilation must include openable windows in each habitable space. The windows must comprise at least 5% of the floor area of that space. An appropriately sized (externally vented) extraction fan or rangehood must be installed in rooms with a bath or shower or indoor cooktop
Moisture Ingress & Drainage Standard
The Healthy Homes standards reinforce existing law that says landlords must have adequate drainage and guttering. If a rental property has an enclosed subfloor space, it must have an on-ground moisture barrier, which will stop moisture rising into the home.
Draught Stopping Standard
Any gaps or holes in walls, ceilings, windows, floors and doors that cause unreasonable draughts must be blocked. This includes all unused open fireplaces and chimneys
When Rental Property required to comply with new standards?
From 1st July 2021, landlords must ensure that all rental homes comply with the Standards within 90 days of any new or renewed tenancy. By 1st July 2024, all rental homes must comply with the Standards, regardless of when the tenancy began.
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