Articles related to ‘Property’
Thursday, 11 March, 2010 | Sarah Blaney
Buying a property is probably the biggest financial transaction that most people will ever enter into. But how do you ensure that the property is safe to buy? A recent example shows what not to do.
Sarah and Andrew had been going to open homes for months. Finally they found a property which they instantly fell in love with. They had been looking for so long, and were worried that someone… Continue reading
Thursday, 11 March, 2010 | Ronette Druskovich
After a quick review of the media, everything we are hearing about 2010 is much more positive than it has been for the last few years. Here are a few predictions together with actions you may need to take:
Inflation:
- Should you be looking to fix your mortgage rate in the next 6 months?
- If your assets are likely to appreciate with inflation, should you look to move them into another entity now
Monday, 1 March, 2010 | Claire Coe
The long awaited revamp to the laws around Unit Titles has taken another step forward with the recent second reading of the Unit Titles Bill…
The current law dating back to 1972 covers unit titled properties (e.g. apartments and some freestanding houses). Parliament is set to update the legislation to make unit title developments more flexible and fix some of the shortcomings. The new Unit Titles Bill has now had its… Continue reading
Thursday, 18 February, 2010 | Fiona McGeorge
If you’ve just separated or you are thinking of ending a relationship then you’ll have lots of questions about what your legal rights are, and what property or money you’re entitled to.
Under the Property (Relationships) Act, if you’re married, in a civil union or have been in a de facto relationship (usually this means living together) for more than three years, then the presumption is that all assets and debts… Continue reading
Wednesday, 10 February, 2010 | Campbell Duncan
On 3 February 2010, the Housing Minister, Hon. Phil Heatley, announced that Maori who want to build on their ancestral land may have an opportunity through a partnership between Housing New Zealand Corporation and Kiwibank.
Minister Heatley announced that the Crown will be stepping in as guarantor for qualifying home loans.
The partnership provides an opportunity for Maori to build, purchase or relocate a house on multiply-owned Maori land.
Kiwibank is the sole… Continue reading
Thursday, 26 November, 2009 | Claire Coe
Unit Titled properties include most apartments and some freestanding houses which include multiple units. Particular owners own their own their specific units and a share in the common property and a Body Corporate manages the common property and has other legal obligations.
The Unit Titles Act 1972 has governed these types of developments for decades and now Parliament is seeking to amend the law to make setting up these developments easier… Continue reading
Thursday, 1 October, 2009 | Claire Coe
Natalie and Mike had been traversing the newspaper for a new property for a few months. They had heard that mortgagee sales were a good way to go as you might get a property cheaply, so were very excited when a property they really liked came up for sale by the mortgagee.
They bought the property at auction and settlement took place quickly. Issues arose though when they parked their moving… Continue reading
Monday, 21 September, 2009 | James Johnston
Ronette Druskovich recently joined the Commercial Team of Rainey Collins Lawyers in Wellington as an Associate. Ronette’s extensive experience includes all aspects of business and property law, including commercial leases, large scale subdivisions, financing, commercial and residential conveyancing…
Wednesday, 16 September, 2009 | Claire Coe
Contrary to popular belief, Trusts have been around for centuries and a Family Trust is still one of the best ways of protecting your hard earned assets.
If you are in business, there are times when you run the risk of losing all of your assets. It does not matter whether you have a small service business, practice a profession, or trade or sell products. Money, property and investments… Continue reading
Wednesday, 16 September, 2009 | Fintan Devine
The lease of a popular Wellington café recently ran out after eighteen years. There were no current rights to renew in the lease.
Try as they might, the café owners could not persuade the owner to give them a new lease and were devastated, as under the lease, they only had one month to pack up after many years.
All terms of a lease are important, however we suggest that… Continue reading
