by Denise Marsden | Aug 29, 2012 | General property Law, Unit Titles
The first is the Court of Appeal’s decision on 21 February 2012 in Atrium Management Limited v Quayside Trustee Limited (In receivership and liquidation). This case was concerned with an agreement for the sale and purchase of management rights. It...
by Denise Marsden | Aug 22, 2012 | Business Law, General property Law, Unit Titles
The Auckland High Court has issued its decision on the management agreement for the Sentinel Apartments in Takapuna. The body corporate was challenging the management arrangements put in place by the original developer. The Court concluded that the...
by Denise Marsden | Jun 27, 2012 | General property Law, Sale and Purchase, Unit Titles
Sinking funds are common in the management of commercial property. Increasingly they need to be considered in residential developments when dealing with the sale and purchase of the property. There are for example, FF & E Reserves (for replacing furniture,...
by Debra Dorrington | Jun 26, 2012 | General property Law, Sale and Purchase, Unit Titles
For the first time in a very long while pre-sale contracts for residential properties are hitting the market. Residential developers and their banks have been keeping a low profile these last few years but things are beginning to change. Changes in the law mean...
by Denise Marsden | Jun 20, 2012 | General property Law, Unit Titles
As 1 October 2012 approaches there is a big issue looming in addition to sorting out your rules. It’s the change in the maintenance regime. Not so much the compulsory requirement that a body corporate have a long term maintenance plan,...
by Denise Marsden | Jun 15, 2012 | Unit Titles
By 1 October 2012 new body corporate operational rules are required under the Unit Titles Act 2010. Most bodies corporate have started to prepare replacement rules.There are a number of things which are now covered elsewhere, not in the rules. These...
