It is estimated that around two-thirds of first home buyers in New Zealand seek assistance from their parents to purchase their first home. If you are contemplating supporting your child in purchasing their first home or subsequent property, you ...
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Unit titles are a type of property commonly seen in apartment or multi-unit developments. They are subject to the Unit Titles Act 2010 and are governed by a Body Corporate comprised of each unit owner. On the sale of a unit title property, the ...
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December 2022
As all hopeful first home buyers are aware, it is not easy to pull together a deposit. With climbing interest rates, it is also becoming more and more difficult to service a mortgage.
Kāinga Ora (the Crown entity responsible for providing public ...
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New COVID-19 response legislation has been passed which adds into applicable commercial leases a covenant allowing for rent and opex reduction during the COVID-19 pandemic. The reduction applies if the tenant (or any subtenant) is unable to gain ...
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Property development can be an attractive investment option for many, particularly for those who have held land for a number of years and are now looking at options for maximizing the value of that land on sale.
Property developments can take a ...
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March 2021
The New Zealand housing market has been hot for some time now. We are frequently seeing auction dates being brought forward due to high demand (although in light of recent Government initiatives, this might change – time will tell!)
If an ...
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We have many clients who live overseas but own property in New Zealand. With the changes to the Overseas Investment Act ("OIA") which came into force in 2018, there can be some confusion whether the OIA rules apply, and given the hefty fines for ...
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December 2020
Purchasing your first property on your own can be a difficult task to achieve in today’s current market, there is much to learn and understand. Joint property ownership can make getting on the property ladder more achievable however there are a ...
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Are you selling a property? Beware of vendor warranties!
If you are selling a property (residential, commercial, or rural) it is likely that your sale contract will contain "standard" warranties given by the seller to the buyer.
In New ...
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In 2015 the Government introduced a reform to the Residential Tenancies Act which aimed to ensure that all rental properties meet minimum insulation requirements. The changes were in response to concerns that many rental properties did not provide ...
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September 2024
I’m thinking of separating but I don’t know where to start. Help!
