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StatuteProperty Law Act 2007

Section 30 — Property Law Act 2007: Defects that do not invalidate vendor’s notice or prevent purchaser offering reasonable compensation

Text of the provision Official document

30 Defects that do not invalidate vendor’s notice or prevent purchaser offering reasonable compensation The notice required by section 28(3)(a) is not invalid, and does not prevent the purchaser from offering an amount as reasonable compensation for the breach, solely because all or any of the following apply to the notice: (a) the notice does not, or may not, specify that the breach is capable of being remedied by the payment of reasonable compensation: (b) the notice specifies, or may specify, an amount of compensation that is unreasonable: (c) the notice specifies that the breach would be capable of being remedied by the payment of reasonable compensation, but does not also specify the amount that the vendor considers reasonable. Compare: 1952 No 51 s 50

Official source: legislation.govt.nz

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