Sale of Creesey Property by GCP Limited - Legal Memo

Property Law

To: Harold Hoover, Partner
From: Name of the student
Date: 5th of March 2019
Subject: GCP Limited – sale of 84 Creesey Road, Auckland
Background
1) This memo is about the potential sale of Creesey Property by GCP Limited. It is a private company
and the property is located at 84 Creesey Road, Auckland. The property is owned by Greg and Tara
Grayson and this is for residence purpose.
2) The property includes an unsigned and undated agreement for sale and my advice based on the draft.
3) GCP Limited has also owned some other properties in the town as it is essential for the business. The
PDD includes the copy of the agreement for the property which is for sale.
4) This memo will be focusing on the additional information of the property, easements of the property,
JFL lease and residential dwelling at the property.
Date of the agreement
5) The agreement refers to the date of this agreement or the date when the agreement was signed by both
the parties. It means the actual date of the agreement when it was concluded. In case the agreement
reaching the practitioner's office without any date then the practitioners of both the parties have the
responsibility to clarify the date as early as possible.
Conditions
Clause 10: Time period for dealing with conditions
6) The buyer must satisfy the LIM condition and the owner’s repost conditions under the timeframe
which is being finalized under this clause.
7) All conditions must be met and the conditions which have been included will be for the whose benefit
either for one party or parties.