Property

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 a landlord of residential property? This article provides a brief update on recent developments in residential tenancy laws and regulations that you need to be familiar with.

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.

In November this year, the Land Transfer Act 2017 (“LTA”) will replace the Land Transfer Act 1952. The purpose of the new Act is to modernise and simplify the law in relation to the transfer and use of land in New Zealand.

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.