by AlexanderDorrington | Aug 3, 2011 | General property Law, Sale and Purchase, Subdivisions
Agreements for sales off the plans will include sunset clauses – or "twilight" clauses as a client called them the other day. I like that new name it seems more accurate somehow. They will also be subject to s225 of the Resource...
by Denise Marsden | Jul 28, 2011 | Fresh Business Thinking, General property Law, Subdivisions
The changes to the NZ investor migrant policy that we flagged a couple of months ago have just been made operative. This should be of interest to developers seeking development funding. Migrants can now invest in residential property developments in...
by Denise Marsden | Jul 28, 2011 | General property Law, Leasing
A lessor must tread very carefully when considering the position of a lessee who has not yet exercised its right to renew the lease. The Property Law Act 2007 assists a lessee by providing relief in two situations where a right of renewal would otherwise be...
by Denise Marsden | May 31, 2011 | General property Law, Unit Titles
Many agreements being signed now will be subject to the new seller’s disclosure regime. Agreements for sale and purchase for a unit title property will be subject to the new disclosure regime if entered into before 20 June with settlement after 27 June 2011. ...
by AlexanderDorrington | May 27, 2011 | General property Law, Leasing
Lessors are encouraged to take a lot of care and attention when cancelling leases under the Property Law Act 2007. The Supreme Court’s decision on 10 May 2011 in Ingram & Knee v Patcroft Properties Limited shows that care and attention is very important. The...
by Debra Dorrington | May 12, 2011 | General property Law, Unit Titles
Unit entitlements In the past all body corporate levies have been assessed on unit entitlements. Because unit entitlements are based on value, historically different owners using the same facilities could be required to contribute to costs to differing...
