Selling? Be wary of warranties
If you are thinking of selling your property you need to carefully consider the warranties in the agreement for sale and purchase.
Private Development Agreements
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.
Rent Abatement – Levelling the playing field
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 we set out the changes and what it means for landlords and tenants.
Duplexes without resource consent?
Changes are coming to help with housing developments under the Resource Management Act.
Planning to use Kiwisaver for your first home purchase? Here are 5 things you need to know
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.
Land covenants that last – a brief review of recent attempts to modify land covenants
Land covenants that last – a brief review of attempts to modify land covenants There are 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 cases attempting to modify land covenants.
Completing a redevelopment of a unit title
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.
Act In Haste, Repent At Leisure
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.
Key steps for a unit title subdivision
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.
The risks of unconditional agreements for a buyer of residential property
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…