Land Covenants
When purchasing a property, the Agreement for Sale and Purchase will usually specify that you can make enquiries with the vendor’s solicitor in relation to any of the interests that may be noted on the title. A land covenant is an ...
Articles
We publish a wide range of useful information on a regular basis.
Categories
New Rules Regarding Disposal of Residential Property
“Bright-Line Test Extended to 5 Years”In the Autumn Edition of our Law Report, Toni van Doorn in her article titled “The Bright-Line test – A warning for property investors” warned that the new government is considering a Tax Bill to extend ...
Can I Be Banned From Hiring Staff?
Yes, you can. But we will return to that later. Employment Agreements generally allow for Employees to resign at any point during their employment given that they provide the requisite period of notice provided for in the Employment Agreement. Generally, Employees ...
The Sentencing Process In The Criminal Court
Every day, judges up and down the country sentence people on a wide variety of offences ranging from the trivial to the gravest of crimes. Most of these sentencing exercises pass unnoticed by all but the people directly involved, but from ...
Family Trusts
Family Trusts have been particularly significant since 1993. Anecdotally, it would seem that there are in excess of half a million Family Trusts in New Zealand currently. That is significantly more, per head of population, than for almost every other country. ...
Buying Goods Subject to Security
The “ordinary course of business” exemption.When buying or leasing valuable goods it is important to check that they are not subject to a security interest. Otherwise, the secured party is able to use its security interest to call in the goods ...
Ratchet Clauses in Commercial Leases
In commercial lease agreements, rent review clauses provide for how annual rent payable is determined.In addition to providing what the review is based on (i.e. either the Consumer Price Index (CPI) or market rent), many commercial leases provide that the rent ...
The Bright-Line Test
A warning for Property Investors.In 2015, the government introduced the “bright-line test”, a method which attempts to tighten the property investment rules. The bright-line test states that (subject to exemptions) any gain from disposing of residential land within two years of ...
Changes Ahead
Anti-money laundering & countering financing of terrorism.As anyone who has attempted to open a bank account or invested funds through an investment manager in recent years will attest, such activities are no longer the relatively straightforward exercise that they used to ...
Relationship Property after Death
The survivor needs to consider the optionsPart 8 of the Property (Relationships) Act 1976 (“the Act”) deals with the division of property where a marriage or de facto relationship ends because one of the parties has died. The surviving spouse or ...
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