A recent decision in the High Court in Rotorua illustrates the importance of reading contractual documents prior to signing them. A drilling company was held bound by the terms of an exclusion clause in a contract with a supplier preventing it from recovering all of its losses alleged caused by the supplier negligently carrying out repair work to drilling equipment.
A recent report on National Radio confirmed that the government’s Financial Assistance Package (“FAP”) to leaky home owners has failed to make even a small dent in the number of leaky homes.
The FAP was established in 2011 as a repair scheme enabling leaky home owners to access funds from the government and participating territorial authorities to fix their homes.
The property on Seabreeze Road was built at the start of the leaky homes era and was offered to the market without warranties. Harcourts agent Jane Hastings had pitched the property as a demolition opportunity, noting in the listing that buyers were getting a “free house” with the purchase of the land.