NM & WM v CL & ES [2024] NZDT 896 (20 December 2024) [pdf, 295 KB]
...counterclaim are dismissed. Reasons: 1. CL and ES purchased a property from NM and WM. Settlement was on 31 May 2024, however CL and ES granted NM and WM a “licence to occupy the property” for an additional day following settlement. A “performance bond” of $3,000.00 was retained from settlement, which was to be released on Tuesday 3 June 2024 on the basis that everything was in order. 2. Settlement of the property occurred on 31 May 2024, but the bond was not released on...