by Denise Marsden | Oct 30, 2024 | Blog, Building, Fresh Business Thinking, General property Law, Sale and Purchase, Subdivisions
Te Tūāpapa Kura Kāinga – The Ministry of Housing and Urban Development (HUD)’s Residential Development Underwrite has been of interest. Here are some key points to keep in mind: 1. The underwrite is time-limited The underwrite is to help maintain capacity and...
by Denise Marsden | Apr 29, 2023 | Blog, Building, Sale and Purchase, Unit Titles
Developers – Unit Titles Act changes on 9 May 2023 Get ready, here’s a rundown of the changes: If you are currently selling units, either off the plan or completed, then make sure you are across Unit Titles Act changes from 9 May 2023. The key things to be...
by AlexanderDorrington | Sep 22, 2022 | Blog, Building, Sale and Purchase, Subdivisions
What is it and why would you need one? A sunset clause is a clause in a contract that allows a party to cancel once a specific date has been reached, known as the sunset date. Although they are a common topic, a sunset clause can actually exist in a couple of...
by AlexanderDorrington | Oct 7, 2021 | Blog, Building, Unit Titles
When undertaking a major unit title redevelopment, you must first obtain the consent of all owners materially affected by the redevelopment. Then pass a special resolution (designated resolution) agreeing to the new unit plan (section 68(3) of the Unit Titles Act 2010...
by AlexanderDorrington | Sep 23, 2021 | Blog, Building, Business Law, General property Law
The High Court has recently passed judgement in the case of Palmer v Hewett Building Limited & Anor [2021] NZHC 1460, and in doing so puts construction companies and builders alike around New Zealand on notice. Ms Palmer entered into a contract with Hewitt...
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...
