In this week’s Conveyancing Q&A, Hilary Jenkins covers what it means when there is no code of compliance.
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?
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.
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