by AlexanderDorrington | Sep 22, 2011 | Business Law, General property Law, Subdivisions
A number of property subdivisions completed within the last 2 or 3 years were originally pre-sold at levels well above market value at the time of settlement. This is no surprise to any of us who have lived through the GFC and its impact on the property and finance...
by AlexanderDorrington | Aug 3, 2011 | General property Law, Sale and Purchase, Subdivisions
Agreements for sales off the plans will include sunset clauses – or "twilight" clauses as a client called them the other day. I like that new name it seems more accurate somehow. They will also be subject to s225 of the Resource...
by Denise Marsden | Jul 28, 2011 | Fresh Business Thinking, General property Law, Subdivisions
The changes to the NZ investor migrant policy that we flagged a couple of months ago have just been made operative. This should be of interest to developers seeking development funding. Migrants can now invest in residential property developments in...
by AlexanderDorrington | May 27, 2011 | Fresh Business Thinking, Subdivisions
We were interested to hear that the investor migrant policy is changing with effect from 25 July 2011. Residential property will be an "acceptable investment" for migrants relying on the ‘investor’ category to seek residency in NZ. The migrant’s own house...
by Debra Dorrington | May 3, 2011 | General property Law, Subdivisions, Unit Titles
Unit Titles Act 2010 Developers and Disclosure The impact of the Unit Titles Act 2010 on developers Disclosure requirements in general are introduced in a previous blog. What follows is an analysis of the specific implications for developers and the additional...
by AlexanderDorrington | Oct 19, 2010 | Sale and Purchase, Subdivisions
Common areas and the requirement to become a member of a society or a shareholder in a company have been popular means of managing residential subdivisions over the last decade. They necessitate compliance with the Securities Act 1978 although an exemption from...