Giudes & Elliott have many years of experience in advising rural clients, and have a branch office located in Ingham.
Rural properties are subject to various laws and issues which can be quite complicated and confusing for the parties involved.
It is important, as with all legal issues, to speak to a solicitor who has experience in the area of law.
In our experience, rural areas and properties may become subjected to the following issues:
- Chemical residues
- Livestock disease
- Plant diseases and pests
- Noxious weeds
- Noxious animals and insects
A major rural issue is chemical residues, which has an effect on both the market value of the property and the purity of the environment.
It is essential to know the quality of the land (soil), as this will affect the quality of the plants and livestock.
Livestock and plants can fall subject to disease and pests.
Once again, this can have a tremendous and detrimental effect on the market value of the land.
It is essential to research and determine if there have been any diseases or pests in the area as they may persist when the property is destocked.
The occupier of the land is responsible for controlling the spread of noxious weeds and animals/insects, and must take action to remove them.
Failing to do so may lead to legal proceedings.
If a property is sold, the new owner/occupier is liable for any outstanding notices in relation to noxious items.
You should consider all aspects of the matter such as capital gains, GST and stamp duty before you sign a contract.
If you are involved in the sale or purchase of a rural property please contact us to discuss your matter with a solicitor.