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Unit Titles Act Changes 9 May 2023

Unit Titles Act Changes 9 May 2023

by Denise Marsden | Apr 29, 2023 | Blog, Building, Sale and Purchase, Unit Titles

Developers – Unit Titles Act changes on 9 May 2023 Get ready, here’s a rundown of the changes: If you are currently selling units, either off the plan or completed, then make sure you are across Unit Titles Act changes from 9 May 2023.  The key things to be...
The Sunset Clause

The Sunset Clause

by AlexanderDorrington | Sep 22, 2022 | Blog, Building, Sale and Purchase, Subdivisions

What is it and why would you need one? A sunset clause is a clause in a contract that allows a party to cancel once a specific date has been reached, known as the sunset date. Although they are a common topic, a sunset clause can actually exist in a couple of...

Objecting against a designated resolution

by AlexanderDorrington | Oct 7, 2021 | Blog, Building, Unit Titles

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...

Construction Companies and Builders Beware!

by AlexanderDorrington | Sep 23, 2021 | Blog, Building, Business Law, General property Law

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.   Ms Palmer entered into a contract with Hewitt...

New builds exempt from Interest deductibility & Bright-line Rule

by AlexanderDorrington | Jul 11, 2021 | Blog, Building, General property Law, Sale and Purchase

In March 2021, the Government announced two law changes:   Residential property investors are now prevented from writing off interest as an expense when paying tax; and The bright-line test was extended from five to ten years, so that investors who buy and sell...

Buying a first home – what I wish I knew…

by Rachael Stevenson | Nov 26, 2019 | Blog, Building, First time buyers, Sale and Purchase, Uncategorised

Elise Brooks is AlexanderDorrington’s youngest Legal Executive, although she has worked in property law for over five years. After saving and researching the market, the time was right for Elise and her partner to jump on the property ladder. She felt pretty...
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