by Rachael Stevenson | Oct 17, 2017 | Building, Commercial property, Sale and Purchase, Uncategorised, Unit Titles
On Monday 16th October our team handled settlements for close to 250 apartments and 30 carparks. This huge piece of work was undertaken for property development client, SugarTree. It is the second stage of a three phase development which bridges the suburbs of...
by Debra Dorrington | Oct 5, 2017 | Blog, Building, Commercial property, Fresh Business Thinking, General property Law, Sale and Purchase, Subdivisions, Unit Titles
What’s not to love about modern user-friendly legislation? Nearly a year ago the need to set up Incorporated Societies in order to manage communal facilities on a property development, became a thing of the past. Incorporated Societies have their place but they...
by AlexanderDorrington | Sep 19, 2017 | Blog, Building, General property Law, Sale and Purchase, Subdivisions, Uncategorised
A deposit amount is a matter for negotiation between the parties. Whilst the customary figure is 10% it need not always be the rule. The Auckland District Law Society and Real Estate Institute of New Zealand Agreement for Sale and Purchase template (ADLS Agreement)...
by Rachael Stevenson | Jun 10, 2016 | Sale and Purchase
From 1 July 2016 lawyers will need to deduct Residential Land Withholding Tax from the proceeds of some residential property sales and pay it to the IRD. This is the new tax that is intended to help compliance with the residential investment property tax rules. When...
by Rachael Stevenson | May 12, 2016 | Sale and Purchase, Subdivisions
It is critical to draft society rules and land covenants correctly. In this case we look at how a proposed subdivision of a lot on a residential development, lead to High Court examination of a society’s rules. Example case The High Court was asked to issue a...
by Rachael Stevenson | Jan 12, 2016 | General property Law, Sale and Purchase
If you are purchasing a property you must obtain you own LIM. It’s not new advice, but the Courts have provided another reminder why it is important. The same goes for a PIM if you are developing/building. The recent case of Monticello Holdings Limited v...
