64Conditions of sale of land

64 Conditions of sale of land (1) Under a contract for the sale of registered land the purchaser is entitled, at the cost of the vendor, to: (a) receive from the vendor sufficient particulars of title to enable the purchaser to prepare the appropriate instrument to give effect to the contract; (b) receive from the vendor a true copy of an instrument, forming part of the vendor's title, in respect of which a caveat has been registered; (c) have the relevant certificate as to title or other document of title lodged by the vendor in the Land Titles Office to enable the instrument referred to in paragraph (a) to be registered; and Law of Property Act 2000 37 (d) have an objection to the registration of that instrument removed by the vendor. (2) If there is an objection to the registration of the instrument which: (a) the purchaser ought to have raised on the particulars or true copy or on the investigation of the title; or (b) arises from the purchaser's own act, default or omission, the purchaser is not entitled to have the objection removed except at the purchaser's own cost. (3) Under a contract for the sale of land there is implied a term that: (a) payment or tender of money payable under the contract may be made by cheque drawn by a bank; (b) an obligation on the part of the vendor to execute and deliver a conveyance of the subject land or documents of title to the land free of encumbrances is satisfied if the vendor, on completion of the contract, will be able to discharge and in fact does discharge existing encumbrances out of the purchase money payable under the contract by the purchaser; and (c) unless otherwise agreed by the parties, their legal practitioners or conveyancing agents, settlement of the contract must take place at the office of the Land Titles Office at which the documents relating to the conveyance may be lodged that is nearest to the land. (4) If, in a contract for the sale of land, the date for payment of the purchase money or a part of the purchase money is to be ascertained by reference to a period of time expiring on a day that is a Saturday, a Sunday or a public holiday, unless the contract designates the day as a Saturday, a Sunday or by the name of the public holiday completion is to take place: (a) on another day as agreed to by the parties, their legal practitioners or conveyancing agents; or (b) in default of an agreement, on the day, other than a Saturday, Sunday, or public holiday, next following the day on which the period of time expires. (5) This section: (a) applies only if and to the extent that a contrary intention is not expressed in the contract; and Law of Property Act 2000 38 (b) has effect subject to the terms of the contract.