Working days

Through the Christmas period what “working days” means will depend upon what your contract or the relevant legislation says. As a general rule statutory holidays and weekends are not “working days”. Beware though, some contracts and legislation refer only to “days” (and weeks or months).  When that happens those days where we are all celebrating the…

Summer trading hours and leases

At this time of year with Christmas trading and summer there may be lessors who are approached by lessees requesting a change to their trading hours.  Leaving aside resource management restrictions, retail leases commonly give the lessor an unqualified right to approve any modification in trading hours.  Further these retail leases tend to include a "keep open" covenant. …

Destruction and leases (again)

There has been another case in relation to the ADLS standard lease clause, which provides the term of a lease shall at once terminate if there is destruction or damage rendering the premises untenantable.  We wrote about an April 2011 decision of the Auckland High Court following a fire in Kingsland (see Destruction and leases).  The latest decision was…

Development funding anyone?

The changes to the NZ investor migrant policy that we flagged a couple of months ago have just been made operative.  This should be of interest to developers seeking development funding.  Migrants can now invest in residential property developments in order to secure residency.  Residential property development has been added as an “acceptable investment” for migration…

Weathertight Homes – Financial Assistance Package

Another interesting bill was proposed just before Christmas, the “Weathertight Homes Resolution Services (Financial Assistance Package) Amendment Bill”.  If passed this would enable people with leaky homes to settle with the Government and Council for up to 50% of their repair costs. A lot of the commentary has dismissed the 50% contribution as inadequate. Council’s…

Weathertight Homes – Financial Assistance Package

Another interesting bill was proposed just before Christmas, the “Weathertight Homes Resolution Services (Financial Assistance Package) Amendment Bill”.  If passed this would enable people with leaky homes to settle with the Government and Council for up to 50% of their repair costs. A lot of the commentary has dismissed the 50% contribution as inadequate. Council’s…

Building consents

The Building Act 2004 review continues.  The Building Amendment Bill (No 3) had its First Reading on 9 December 2010. It is now with the Select Committee for review and submissions on the bill close on 4 March 2011. There are a number of interesting changes proposed in this bill.  The first change of note is…