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Renewal or extension in a commercial lease?

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...

New restrictions | tenancy termination for residential investment property

by AlexanderDorrington | May 13, 2020 | General property Law, Leasing, Sale and Purchase

New rules for residential tenancies have been introduced as a consequence of the COVID-19 pandemic. These could cause some practical issues, particularly if the owner of a tenanted property is thinking of selling and wants to do so with vacant possession to maximise...

Sale & Purchase agreements – new considerations

by Denise Marsden | May 12, 2020 | Blog, First time buyers, General property Law, Sale and Purchase

We’re all excited to move to level 2 on Thursday. Nobody more so than those in the midst of selling or buying property. To help prepare and manage risk in these uncertain times, we’ve put together some extra clauses to consider including in agreements for...

How to make Cross Lease Conversion easier

by Christine Cechova | Apr 29, 2020 | Blog, Cross-lease, General property Law, Uncategorised

In 2019, the New Zealand Herald ran an article ‘Cross about Cross-lease: battles from the property combat zone’, it featured AlexanderDorrington urging cross-lease property owners to turn their minds to converting their cross-lease titles to fee simple....

Kiwisaver – Guide for first home buyers

by Kylee Carbines | Apr 28, 2020 | General property Law, Sale and Purchase

KiwiSaver – First Home Withdrawal Do you qualify? First home buyers may be entitled to apply for a first home withdrawal to purchase their first house.  A first home buyer is an individual who has not owned a house or land before either in New Zealand or...

COVID-19 Level 3 – Update on property settlements

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...
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