Buyer lawyers up to force home sale

Buyer lawyers up to force home sale
Employment advocate May Moncur has won a case to force the sale of property.
Victoria Young
When May Moncur signed a standard sales and purchase agreement and paid a 10% deposit for a $1.14 million Drury investment property in August last year, it should have been a simple transaction.However, seven months and two high court hearings later Moncur has only just got a judge’s order forcing seller Yang Li to complete the deal.“The case should never have had to go to court in the first place, it is all very unfortunate,” the employment advocate, also known as Congmei Ma, told BusinessDesk.“We did everything accordi...

More Property

DDL receivers get High Court approval to modify land covenant
Property

DDL receivers get High Court approval to modify land covenant

The DDL Homes group collapsed in 2022/2023 owing about $40 million.

Soft trading flips Ryman’s equity raise dynamics
Property

Soft trading flips Ryman’s equity raise dynamics

Concern for retail shareholders has given way to concern for underwriters.

OneRoof could be half the value in NZME
Finance

OneRoof could be half the value in NZME

A similar Australian company is subject to a takeover at 17x ebitda.

Second attempt to liquidate Haven Living
Property

Second attempt to liquidate Haven Living

Auckland apartment complexes say the property manager owes them significant sums.

Maria Slade 26 Feb 2025