Settling SugarTree – a large apartment sell down

Time lapse video of our office on settlement day.   Bonnie Warburton’s behind the scenes glimpse at five crazy days.   Attempting to settle 270 apartments on one day is no easy task and not for the faint hearted. Whilst the pressure of the SugarTree settlement at times was enormous, the satisfaction at the end…

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Drone

Easing the way for drones

Commercial uses for drones   Dr Catherine Ball is a world leader in the non-military application of drone technology. She highlighted some really important issues for property owners at The Property Council New Zealand National Conference held in Melbourne, 13-15 September.   Firstly it’s important to note that there are all sorts of drone use…

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Future-proofing the legal design of subdivisions

There is a lot of discussion around the physical design of subdivisions and how that impacts the community that is created and the ultimate owners’ use and enjoyment of the land. The legal design is just as important.   Recent agreements I have reviewed for some new developments cause me concern as to what we…

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Is a 10% deposit reasonable ?

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) provides that a vendor can retain a maximum 10% deposit when…

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NZ Law Awards Finalist

New Zealand Law Awards – AD nominated for the third consecutive year!

We are delighted to have been nominated as a finalist in the New Zealand Law Awards 2017. The New Zealand Law Awards are the leading independent honours celebrating excellence in the legal profession. They recognise the outstanding achievements of firms, in-house teams and other industry professionals across New Zealand. Our category, ‘Property & Construction Specialist Law…

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First steps towards resolving Auckland’s housing crisis

Auckland’s housing crisis is arguably one of the most pressing issues of our time. In response, a group of 130 public and private sector industry stakeholders met at a not-for-profit gathering, on 1 August 2017 – the first Auckland Housing Summit.  The Summit was organized by a group of five key players: Leonie Freeman –…

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Unit Titles Review 2017

Just before Christmas MBIE announced a review of the Unit Titles Act 2010 and published a discussion document. Submissions on the proposals were due 5pm Friday, 3 March 2017.  Many submissions have been made, including one from us that looks at the changes predominantly from the developer’s perspective. The items subject to review include the…

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Developers and Retentions under Construction Contracts

We have mentioned previously that the rules relating to retentions under contracts covered by the Construction Contracts Act 2002 are changing.  From 31 March 2017 retention money withheld under commercial construction contracts must be held on trust.  This is intended to apply only to contracts entered into or renewed on or after 31 March (presuming…

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Airbnb and Leases

The Supreme Court of Victoria was recently asked to consider whether or not a tenant, under a residential tenancy, was in breach of the provisions of the lease by entering into contracts with Airbnb. These allowed guests to stay for a short term, booked via the Airbnb website.   The case went first to the…

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