by AlexanderDorrington | Jul 8, 2020 | Blog, Business Law, Commercial property, General property Law, Leasing
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. On June 4th, a $40 million package was announced. It aims to get landlords and tenants to...
by AlexanderDorrington | May 18, 2020 | Blog, Commercial property, General property Law, Leasing, Uncategorised
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. A right of renewal is the tenant’s option to enter into a new lease with the landlord. The landlord does not have a...
by Denise Marsden | Apr 23, 2020 | Commercial property, First time buyers, General property Law, Sale and Purchase
New Zealand will be at Alert Level 3 from Tuesday 28 April. We will hold at Alert Level 3 for 2 weeks, before Cabinet reviews how we are tracking and makes further decisions on 11 May. What will this mean for property settlements? Residential It appears that the...
by Denise Marsden | Apr 2, 2020 | Commercial property, Leasing
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...
by Denise Marsden | Apr 2, 2020 | Commercial property, General property Law, Sale and Purchase
2 April 2020 As we enter week 2 of lockdown, issues are starting to emerge around property settlements. In an 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...
by AlexanderDorrington | Sep 20, 2019 | Blog, Commercial property, Leasing
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...
