by AlexanderDorrington | Jul 11, 2021 | Blog, Building, General property Law, Sale and Purchase
In March 2021, the Government announced two law changes: Residential property investors are now prevented from writing off interest as an expense when paying tax; and The bright-line test was extended from five to ten years, so that investors who buy and sell...
by Marina Sardelic | Jul 7, 2021 | Blog, General property Law, Sale and Purchase
The IRD sees consistency as key The historical issue In the past, the IRD had concerns with vendors and purchasers taking differing tax positions on the values allocated to mixed assets in relation to sale and purchase transactions. Especially where Purchase Price...
by AlexanderDorrington | Aug 12, 2020 | Blog, General property Law, Leasing, Uncategorised
New obligations and rights of tenants and landlords The Residential Tenancies Act 1986 has been amended with the result being that New Zealand law is now, even more, tenant-friendly. If you are a landlord, you may want to take note. On 5 August 2020, the Residential...
by AlexanderDorrington | Jul 8, 2020 | Blog, Business Law, Commercial property, General property Law, Leasing
The Government has finally stepped into the fray of the free market to have a say as to how rent is to be determined between landlords and tenants in the face of Covid-19. On June 4th, a $40 million package was announced. It aims to get landlords and tenants to...
by AlexanderDorrington | May 24, 2020 | Blog, First time buyers, General property Law, Sale and Purchase
For most people, buying your first home is the single biggest decision they will ever make. It’s no wonder first-home buyers have many questions. Questions are good. You need to be completely comfortable throughout the process. We’ve helped many a nervous...
by AlexanderDorrington | May 18, 2020 | Blog, Commercial property, General property Law, Leasing, Uncategorised
A right of renewal and a lease extension may have the same practical effect, however, there is a separate and distinct legal difference between the two. A right of renewal is the tenant’s option to enter into a new lease with the landlord. The landlord does not have a...
