Property

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, we set out the proposed changes to the Property Law Act 2007 which will extend the time periods for compliance with a default. Updated 31 July 2023

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.

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.

Are you considering subdividing your land? This article provides an overview of the subdivision process for freehold land comprised in one record of title.

The Overseas Investment Amendment Act 2018, which is set to bring significant changes to the Overseas Investment Act 2005, will come into force on 22 October 2018. This means that any agreement for sale and purchase of real estate signed on or after this date will be subject to the Act’s new restrictions and requirements.

Before you purchase a property, it is important to check the title to the property to see if there are any land covenants registered. The land covenants may contain restrictions, for example, on what you can build on the property and how you may use the property.