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.
Further Residential Tenancies Act reforms became law on 11 August 2020. This article looks at some of the reforms, which seek to align New Zealand’s residential tenancy laws with the realities of renting.
Buying a house is one of the biggest purchases you will ever make, so it is important to be protected. Too often we see sale and purchase agreements in our offices that leave potential buyer’s stuck purchasing a home that…
Further restrictions on Landlord and Mortgagees’ rights have been announced and although those changes are still to be enacted it has been indicated they will apply retrospectively. In this article, Laura Fischer sets out the proposed changes to the Property Law Act 2007 which will extend the time periods for compliance with a default.
Purchasing a property with other people requires careful consideration and completing a property sharing agreement when you purchase a property can minimise problems in the future. Parties are often on the best of terms initially, but with any shared ownership, disputes can occur later. Completing a property sharing agreement where all owners record their expectations in relation to ownership and use of the property can be invaluable.
Landlords of residential properties have had their rights restricted by urgent changes to the Residential Tenancies Act 1986 passed by the Government in response to the impact of COVID-19. A rent freeze of six months and the inability to terminate tenancies for at least three months, except in limited circumstances. Laura Fischer sets out the details in this article.
Changes to termination provisions in the Residential Tenancies Act 1986 could have a big impact on the ability for residential property sales to settle over the next six months, and maybe beyond. In this article, Sandra Braithwaite provides advice to those who are under a contract to sell a tenanted property, or are looking to put one on the market.
There are checks which you should do before purchasing land especially if you intend to build on the land. You may find that the council rules, land covenants or the cost of foundations prevent you from building the house of your dreams or the building that you require for your business. This article gives a brief overview of the checks you should consider completing when buying land.
The landlord/tenant landscape continues to change. In addition to the recent insulation regulations, the Residential Tenancies Amendment Act 2019 has just passed the Royal Assent and brings with it a number of changes which both tenants and landlords should be aware of.
When it comes to property sales, the legal principle of “caveat emptor”, or “buyer beware” applies subject to any warranties given by the vendor in the sale and purchase agreement. However, a recent Court of Appeal case confirms that this principle is also subject to the right of the purchaser not to be misled by the vendor or their agent.