by Debra Dorrington | Oct 19, 2010 | General property Law, Sale and Purchase
Vendors registered for GST who signed a contract for the sale before 1 October 2010 and for whom settlement has not yet occurred may find some comfort in section 78 of the Goods and Services Tax Act 1985. That section makes it clear that where the GST rate is changed...
by AlexanderDorrington | Oct 18, 2010 | General property Law, Leasing
You will recall that a lessor cannot unreasonably withhold or delay consent to an assignment, sublease or change of use if there is a covenant in the lease requiring the lessee to first obtain the lessor’s consent. A lessor who unreasonably withholds...
by Debra Dorrington | Oct 18, 2010 | General property Law, Sale and Purchase
The warranty was that “all obligations under the Building Act 1991 were fully complied with” as at the date possession was granted. Although the warranty only applied if the vendor had done works, a recent case has shown that the reach of the warranty may be further...
by AlexanderDorrington | Oct 18, 2010 | General property Law
The long awaited LAQC reforms have finally been released. The gist is that LAQC owners will be given the option to become a new “look-through company” where profits & losses will flow to owners or transition to a sole trader, partnership or limited partnership. If...
by AlexanderDorrington | Oct 18, 2010 | General property Law, Unit Titles
The UTA2010 requires 3 disclosure statements to be given by the seller of a unit to a buyer of a unit. These are:• The pre-contract disclosure statement – to be given before an agreement for sale and purchase is entered into • The...
by Denise Marsden | Sep 20, 2010 | General property Law, Leasing
Can a lessor be made to review the rent? Under the modern standard form leases, yes they can. From the ADLS 4th edition (2002) lease onwards, the standard ADLS deed of lease allows either party to initiate a rent review. Those standard leases also...
