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...
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...
by Marina Sardelic | Jul 7, 2021 | Blog, General property Law, Sale and Purchase
The IRD sees consistency as key The historical issue In the past, the IRD had concerns with vendors and purchasers taking differing tax positions on the values allocated to mixed assets in relation to sale and purchase transactions. Especially where Purchase Price...
by AlexanderDorrington | May 24, 2020 | Blog, First time buyers, General property Law, Sale and Purchase
For most people, buying your first home is the single biggest decision they will ever make. It’s no wonder first-home buyers have many questions. Questions are good. You need to be completely comfortable throughout the process. We’ve helped many a nervous...
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...
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...
