2 April 2020 As we enter week 2 of lockdown, issues are starting to emerge around property settlements. On a NZLS webinar this morning it was noted there are thought to be 5800 settlements impacted. A number of settlements are delayed until we return to Covid-19 Level 2, or 3. A number of settlements have…
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Denise Marsden investigates if parties’ scheduled obligations are deferred during the COVID-19 Level 4 lockdown, looking at the definition of ‘Working Day’.
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As we transition to a new Agreement for Sale and Purchase of Real Estate in NZ, Denise Marsden looks at the implications for both vendors and purchasers.
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In April 2019, MBIE released a discussion paper that proposed radical reforms to the building industry. Matt Smalberger looks at the implications.
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Many businesses and individuals are examining their global impact. Debra Dorrington reflects on a growing new urgency worldwide, echoed at a recent conference she attended.
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New Zealanders wishing to enter the property market or to save for their home have often occupied a property while doing it up, then sold it at a profit. Exclusions have meant that the profit made hasn’t been taxed. Now the opportunity to use this process is tightening up.
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Unit titles have their own idiosyncrasies so it’s worth taking time to understand how they operate if you’re buying one for the first time.
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It’s common to think that only the elderly need to put enduring powers of attorney in place, but the reality is everyone should have them.
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Clients are loaning their parents cash. These loans are being secured in one of two ways. A mortgage over the parents’ family home, with repayment expected upon the death of both parents. Or children are being sold a portion of the family home in consideration.
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The Residential Tenancies Amendment Bill (No 2) is currently before Parliament. Christine Cechova looks at the amendments and considers the potential effects on tenants and landlords. The rental landscape as we know it is shifting.
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A raft of reforms to the Residential Tenancies Act 1986 have been put into place in the past two years. Landlords can be forgiven for being confused as to what exactly is fact and what is fiction. What has come into force and what is still being debated? This is the first in a series of blogs discussing these reforms. Christine Cechova makes things clearer, starting with two changes that are already in force:
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The Overseas Investment Act 2005 provides that a transaction needs consent when there is an overseas investment in sensitive land. What is sensitive land? What type of property transaction is caught?
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