When buying any business, assets or property it’s important to undertake a due diligence investigation into what you are looking to buy. If you’re buying rural property, it comes with its own unique set of issues for which you need to take particular care.
When you bought your land, your lawyer will have sent you a search copy of the title to your property as recorded on the register at Land Information New Zealand (LINZ). The LINZ register is generally regarded as being conclusive evidence that you own the land and how much land is included in your title. However, it isn’t always the case – and it wasn’t the situation for the Eldridges when they purchased their farm ‘Stansborough’ in the Wairarapa.
If there’s a universal principle to remember when getting into business, that one rule might be ‘know what you want to achieve in business.’ Business can be a complex (and at times frustrating) affair, but having clear commercial objectives can be the difference between success and failure. We have 40 tips to keep your business in tip-top condition.
