by Denise Marsden | Feb 12, 2018 | Blog, General property Law, Sale and Purchase
You will have seen media reports of expected changes to the Overseas Investment Act. They implement the government’s plans to restrict the sale of houses to people who are not New Zealanders. The submission period has been extended and submissions close 16 February...
by Bonnie Prior | Nov 17, 2017 | Blog, Building, Commercial property, General property Law, Sale and Purchase, Unit Titles
[dt_gap height=”10″ /] https://www.alexanderdorrington.co.nz/wp-content/uploads/SugarTree-settlement-day.mp4 Time lapse video of our office on settlement day. Bonnie Warburton’s behind the scenes glimpse at five crazy days. Attempting to...
by Rachael Stevenson | Oct 17, 2017 | Building, Commercial property, Sale and Purchase, Uncategorised, Unit Titles
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...
by Debra Dorrington | Oct 5, 2017 | Blog, Building, Commercial property, Fresh Business Thinking, General property Law, Sale and Purchase, Subdivisions, Unit Titles
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...
by AlexanderDorrington | Sep 19, 2017 | Blog, Building, General property Law, Sale and Purchase, Subdivisions, Uncategorised
A deposit amount is a matter for negotiation between the parties. Whilst the customary figure is 10% it need not always be the rule. The Auckland District Law Society and Real Estate Institute of New Zealand Agreement for Sale and Purchase template (ADLS Agreement)...
by Rachael Stevenson | Jun 10, 2016 | Sale and Purchase
From 1 July 2016 lawyers will need to deduct Residential Land Withholding Tax from the proceeds of some residential property sales and pay it to the IRD. This is the new tax that is intended to help compliance with the residential investment property tax rules. When...
