2 April 2020 The “no access” clause came about because of the Christchurch earthquakes. Tenants in the red-zone under ADLS leases were not entitled to rent relief when they could not access their properties where there was no physical damage. The market responded. The ADLS deed of lease was updated and a no access clause…
2 April 2020 As we enter week 2 of lockdown, issues are starting to emerge around property settlements. On a NZLS webinar this morning it was noted there are thought to be 5800 settlements impacted. A number of settlements are delayed until we return to Covid-19 Level 2, or 3. A number of settlements have…
Residential investors often perceive buying commercial property as the ‘next step up’. Commercial property can be lucrative but it’s far more complex than you may realise. There are a number of important considerations to bear in mind before taking the plunge! First-time commercial property investors need to be aware of the risks and make…
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.
Repair and maintenance obligations in commercial leases have featured in a number of recent cases. Denise Marsden takes a close look at one…
On Thursday15th March 2018, the sold-out event returned to Auckland’s Waitamata Harbour in its best form yet.
Time lapse video of our office on settlement day. Bonnie Warburton’s behind the scenes glimpse at five crazy days. Attempting to settle 270 apartments on one day is no easy task and not for the faint hearted. Whilst the pressure of the SugarTree settlement at times was enormous, the satisfaction at the end…
On Monday 16th October our team handled settlements for close to 250 apartments and 30 carparks. This huge piece of work was undertaken for property development client, SugarTree. It is the second stage of a three phase development which bridges the suburbs of Ponsonby, Grey Lynn and Freemans Bay with the hub of the inner…
What’s not to love about modern user-friendly legislation? Nearly a year ago the need to set up Incorporated Societies in order to manage communal facilities on a property development, became a thing of the past. Incorporated Societies have their place but they require a minimum of 15 members, a common seal and are governed…