Do you need assistance with due diligence on a property you’re looking to purchase?
We can help – contact expert property lawyer, Wade Hansen today to set up an appointment.
12 April, 2013 | Wade Hansen
Methamphetamine is a potentially addictive Class A drug and is more commonly known in New Zealand as “meth” or “P” (short for “pure”) .
When meth is smoked and/or cooked in a house, the residue chemicals of that cooking process will leech into the surfaces in the house and will remain even after any related activity in the house has stopped, causing potentially serious illness to the occupants of the house.
There are a variety of companies who carry out tests to detect whether the house may have been used for smoking and/or cooking meth. The costs of carrying out tests range upwards from about $350.00.
If the house shows an initial positive reading for meth then more scientific tests can be carried out, but at a greater cost.
Although owners and agents may not know the history or the current use of the property (especially when it is tenanted), if you ask the questions, then they need to give honest answers. If it is found out later that they were not telling the truth then they can be liable for misrepresentation.
We recommend you make as many inquiries of as many different people as you can and suggest the following:
Remember, if you are looking at purchasing a property and are asking the vendor and/or the agent these sorts of questions, then you should do so in writing and ask that they respond in writing. If you are dealing with an agent, it would be best to request the agent put the questions to the owner in writing and have the owner respond in writing. Ideally you should make all of these inquiries before you enter into an agreement to purchase a property. An alternative would be for a condition to be put into the agreement which would make the agreement subject to you being able to carry out any investigations and tests and the results of which are satisfactory to you, by a certain date. You would also need to ensure the vendor would consent to any “invasive” testing that may be required.If you have purchased a property without doing any due diligence in regards to meth then there is nothing you can do later if it turns out that the property is contaminated. You will have no recourse against the agent or the vendor unless they have misrepresented anything to you.
If you suspect the house you have bought, or live in, is contaminated then it can potentially be decontaminated, but it comes at a cost which could run into the tens of thousands of dollars. Even after decontamination, there can still be residual affects.
22 February, 2012 | Wade Hansen
7 March, 2012 | Wade Hansen