If you are thinking of selling your property you need to carefully consider the warranties in the agreement for sale and purchase.
Wanting to develop but there doesn’t seem to be infrastructure available? A development agreement is a useful tool to assist in timeframes and obligations between development and the local authority.
Changes to the Property Law Act mean that tenants may now be able to claim a rent abatement even when the lease agreement does not provide for this. In this article Laura Fischer sets out the changes and what it means for landlords and tenants.
Changes are coming to help with housing developments under the Resource Management Act.
Kiwisaver can be a great cash injection for your first home purchase. However many purchasers aren’t sure how the process works, resulting in frustration, delays and even not being able to access your Kiwisaver fund. This article explores how Kiwisaver works in practice and what you need to know.
Recently the media has given some attention to circumstances where an owner of property has (or would have but for a settlement reached) been able to modify a land covenant using the provisions of s317(1) of the Property Law Act 2007 (PLA). In most instances, if you have a land covenant registered against the title to your property, it is there forever and cannot be modified or extinguished. This article looks at recent cases attempting to modify land covenants.
This article covers things you need to know on the Taxation (Bright-line Test for Residential Land) Act 2015 in relation to residential property acquired and disposed of within 2 years.
Changes to a Unit Title after the title has been created is classed as a redevelopment. Redevelopments are a lengthy process, this article outlines what and who is needed to change the plan.
Do your homework before purchasing – that is the message which has been reinforced in a recent case which came before the High Court. In Shabor Ltd v Graham, the purchaser of a large farm in the Waikato sued the vendor for misrepresentation under the Fair Trading Act after the purchaser discovered that the farm did not hold the stock numbers advertised in the marketing material.
Unit titles are becoming more popular and more complex as we see limited greenfield space available for housing, and limited funding for greenfields infrastructure, making infill an easier and more efficient land use option. This article looks at the basics of forming a unit title development from a fee simple section.