McNaull v Bray - [1995] 2 NZLR 480

Contract — Sale of land — Vacant section — Cross-lease subdivision agreed — Purchaser constructed dwelling on vacant land before settlement — Vendor refusing settlement — Whether purchaser entitled to specific performance — Whether purchaser obliged to pay interest for late settlement or occupation rent and at what rate.

Property law — Transfer of property — Vacant section — Cross-lease subdivision agreed — Purchaser constructed dwelling on vacant land before settlement — Vendor refusing settlement — Whether purchaser entitled to specific performance — Whether purchaser obliged to pay interest for late settlement or occupation rent and at what rate — Whether adequate settlement notice properly served — Property Law Act 1952, ss 50, 118 and 152.