We are seeing more and more clients in relationships wanting certainty around the assets they own. These clients are at different ages and stages of life. They want to know what they would walk away with if the relationship was to end, either by separation or death.
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.
Today, Friday 8th March, we celebrate International Women’s Day. This year the theme is #balanceforbetter. If gender is a consideration in your selection process when looking for a property law firm; consider AlexanderDorrington. Find out why…
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:
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?
An act that has underpinned our land transfer system for 60 years was put to bed and the Land Transfer Act 2017 became effective. That change may not impact on you daily, but some things will impact on how you complete your developments in the future.
Two recent court decisions considered something that looked like a subdivision and asked whether it really was. Both involved common ownership and exclusive use areas.
Zak Nasir analyses recently released Environment Court decision: Mckay [2018] NZEnvC 180. Is the conversion of a cross lease to fee simple a subdivision?
Are you a property developer mid-way through your apartment build? Have you decided not to apply for an exemption to the new OIO requirements (and save the $25,500 fee)? You might want to consider encouraging your buyers to nominate this month.
From 22 October 2018 (or potentially earlier if we have orders in Council to that effect) the sale of residential land in New Zealand to an overseas person will potentially require consent from the Overseas Investment Office. Denise Marsden looks at the law change from the residential developer’s viewpoint.
Don’t assume converting your cross-lease title will be a complicated and expensive task. With the right people engaged to carry out the work, you can save a lot of time, money and unnecessary administration.
Are you considering investing in property with friends? In today’s escalating property market it is becoming more common. Good legal advice can help you manage the risk.