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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Ode to a two-wheeler
Commerical Leases: New Rent Reduction Laws – COVID-19