When undertaking a major unit title redevelopment, you must first obtain the consent of all owners materially affected by the redevelopment. Then pass a special resolution (designated resolution) agreeing to the new unit plan (section 68(3) of the Unit Titles Act 2010 (“UTA”)).
The High Court has recently passed judgement in the case of Palmer v Hewett Building Limited & Anor [2021] NZHC 1460, and in doing so puts construction companies and builders alike around New Zealand on notice.
Matt Smalberger discusses recent law changes aimed at restoring the affordability of residential housing in New Zealand. Unusually, consultation is taking place now the changes are in place.
Marina Sardelic examines the New Purchase Price Allocation Rules and the implications for purchasers and vendors of business assets.
On 5th August 2020, the Residential Tenancies Amendment Bill passed its 3rd reading in the House and will come into effect as the Residential Tenancies Amendment Act 2020 after Royal Assent. Although the majority of changes will only kick in after a six-month period, giving time for tenants and landlords to be aware of their new obligations and rights. The Act will have a direct impact on both tenants and landlords.
The Government has finally stepped into the fray of the free market to have a say as to how rent is to be determined between landlords and tenants in the face of Covid-19. Matt Smalberger looks at the issues.
We’ve helped many a nervous buyer through their first purchase and so we’re well practised at anticipating the things you might want to know. Here are some of the most frequent questions our team is asked…
A right of renewal and a lease extension may have the same practical effect, however, there is a separate and distinct legal difference between the two. Angela Barnett explains.
With so much uncertainty until we eliminate COVID-19, Denise Marsden has some extra clauses sellers and buyers might consider adding to agreements for sales and purchase.
Enduring Power of Attorney documents have become much more detailed than the old one-pagers. They are more work but produce a much better result says, Angela Mills.
Making a will is not just about deciding what to do with your assets when you’re gone. A well-written will reflects your wishes even when you’re not there.
Insider knowledge: Christine Cechova looks at three consistent themes which seem to make the cross-lease conversions we have completed easier.