The definition of a land contract for these purposes is very broad, namely: any agreement that creates, modifies, transfers or terminates an interest in the land. Companies in any sector or sector that own, occupy or handle land may be affected. There are different types of land ownership in New Zealand. The type of property has a direct influence on what you can and cannot do with the property. Generally speaking, the application of competition law is very specific to the facts. Previous agreements may give some guidance on how competition law might apply in new circumstances, but it is dangerous to rely on them too much. Two very similar transactions can lead to two very different competition outcomes, even if the underlying facts vary only slightly. The OFT stated that it was unlikely to take enforcement action if none of the parties to an agreement holds more than 30% of the relevant market. For that purpose, the relevant market is defined as the related market on which the country covered by the agreement is used to carry out an economic activity. The Consumer Financial Protection Bureau (CFPB) is considering regulating these sales of real estate, due to growing concerns that sales on land contracts could contravene the truth in credit law.  In 2015, Texas law was amended to automatically place legal title to the property with the buyer, by submitting the contract to the county document registry office where the property is located. While the seller loses ownership, the seller retains a seller`s right to deposit the property for the remaining balance of the contract.  conclude a land agreement limiting the use of the land for the allocation or distribution of areas, or customers conclude a land agreement limiting the prices at which goods or services can be delivered outside the country Although the OFT does not take any action, it should be taken into account that these agreements, where they appreciably restrict competition, are automatically invalid and unenforceable in court when a third party challenges their validity.
In certain circumstances, the validity of such an agreement may also be challenged by one of the parties itself. Freehold, also known as Fee Simple, is the most common property type in New Zealand. On 24 March 27, 2011, the former Office of Fair Trading (OFT) published guidelines on the application of competition law to land agreements to help companies self-assess land agreements for compatibility with competition law. . . .