Advantage Realty Limited v CAC303 & Ors / Gambino & Anor v CAC303 & Anor [2015] NZREADT 83 [pdf, 235 KB]
...vendors’ asking price as the interim value of the property. Those vendors are the complainants and second respondents in one appeal and are cross appellants in the other. In doing that, the vendors lost their option to reconsider the sale if the formal valuation as required by s 135(5)(b) is higher than the price negotiated between the parties for the sale of the property. [2] The basic issue is whether Complaints Assessment Committee 303 was correct to find the appellant agency gu...