What if Council information is wrong?

I once heard a story about a property developer who purchased a property for residential redevelopment.  Integral to the due diligence investigations was a LIM which clearly identified the location of services.  Services were in a convenient position to enable redevelopment and the developer in our story proceeded in reliance on the Council records he had…

Property Council Manifesto – Fast Forward to Growth

 The Property Council New Zealand recently released its manifesto Fast Forward to Growth.  It is easy to read, focused on commercial property and aimed at encouraging growth, productivity and investment.  Key points it advocates include: • A national policy on development contributions. • Development contributions assessed to reflect the benefits achieved by the development. • Giving developers the…

Gift duty is no more!

The new gifting regime was ushered in on 1 October 2011.  Does this mean no more annual gifting programme, no more acknowledgements of debt or deeds of forgiveness or gifting statements?  Maybe, and then maybe not.  Before gifting assets there are some things to consider.  Take time to think about whether the gift remains a good…

Gift duty is no more!

The new gifting regime was ushered in on 1 October 2011.  Does this mean no more annual gifting programme, no more acknowledgements of debt or deeds of forgiveness or gifting statements?  Maybe, and then maybe not.  Before gifting assets there are some things to consider.  Take time to think about whether the gift remains a good…

Gift duty is no more!

The new gifting regime was ushered in on 1 October 2011.  Does this mean no more annual gifting programme, no more acknowledgements of debt or deeds of forgiveness or gifting statements?  Maybe, and then maybe not.  Before gifting assets there are some things to consider.  Take time to think about whether the gift remains a good…

Gift duty is no more!

The new gifting regime was ushered in on 1 October 2011.  Does this mean no more annual gifting programme, no more acknowledgements of debt or deeds of forgiveness or gifting statements?  Maybe, and then maybe not.  Before gifting assets there are some things to consider.  Take time to think about whether the gift remains a good…

Unit Titles Act 2010 Developers and Disclosure

Unit Titles Act 2010 Developers and Disclosure The impact of the Unit Titles Act 2010 on developers Disclosure requirements in general are introduced in a previous blog.  What follows is an analysis of the specific implications for developers and the additional “turnover disclosure” that is relevant when a development is completed.  Pre-contract Disclosure Pre-contract disclosure…

Destruction and leases

What is happening in Christchurch is impacting on the New Zealand property industry in all sorts of ways.  One of these is the debate regarding contractual obligations between the parties.  Most leases inadequately deal with the situation in Christchurch.  Whilst they may deal with partial destruction and total destruction they do not adequately cover many…