by Rachael Stevenson | Jan 8, 2016 | General property Law, Sale and Purchase
The year starts with a reviewed ADLSi/REINZ Ninth Edition 2012 (3) form of agreement for sale and purchase of real estate. The important changes to note are: Tax statement clauses are added to ensure vendors and purchasers comply with rules introduced 1...
by Denise Marsden | Sep 29, 2015 | General property Law, Sale and Purchase
Standard form contracts used in residential property development breach the Fair Trading Act 1986 if they are a consumer contract that contains “unfair terms”. This was part of the changes to consumer law that applies to contracts from 17 March 2015. This might be...
by Debra Dorrington | Sep 29, 2015 | General property Law, Sale and Purchase
Next year lawyers will be required to retain tax on sale proceeds and pay the tax straight to the Inland Revenue Department. They will need to do this when: • an off-shore person (some Kiwis will be caught) • sells residential land • they have acquired since...
by AlexanderDorrington | Sep 29, 2015 | General property Law, Sale and Purchase, Subdivisions
IRD numbers You will have read of the upcoming changes in the law – that affect the sale and purchase of land. These come into effect on 1 October. If the buyer is an individual or a couple buying their main home in their own name and they are not an...
by Debra Dorrington | Oct 15, 2013 | General property Law, Sale and Purchase
Earlier this year the Christchurch Council lost its accreditation as a building consent authority. It failed to meet criteria necessary for the accreditation. However the Council has continued to issue building consents and government has maintained the view that the...
by Debra Dorrington | Oct 4, 2013 | General property Law, Sale and Purchase, Subdivisions
It’s tricky – anticipating what the bank will want; especially if your plan is to change lenders once development funding is needed. It definitely involves wearing a banker’s hat. Balance that with matching the flexibility a residential property developer...
