Complaints Assessment Committee 403 v Zhang [2018] NZREADT 53 [pdf, 179 KB]
...for $550,000, and paid the deposit of $55,000. [3] Some two months later, Mr Yan advised Mr Zhang that there were many problems which made building on the property difficult (including the presence of large lava rocks), and that a different resource consent would be required from the one he had received from the vendor. Mr Yan said that he wanted to get out of the contract, and would rather lose his deposit than pay an unlimited amount later to build on the property. [4] At a...