Articles related to ‘Property’
Wednesday, 25 January, 2012 | Claire Coe
George and Madeline, an elderly couple, who had owned their family home for many years were approached with a private offer to purchase the property by their new neighbours.
They had been thinking of down-sizing for a while, so signed the Agreement for Sale and Purchase that had been placed in front of them without any legal or other advice.
After they had signed the agreement they discovered… Continue reading
Thursday, 1 December, 2011 | Claire Coe
Sally was very excited to be the successful bidder at an auction for a mortgagee sale property. She had looked at and approved the LIM report and builders report for the property and had ticked all the boxes in terms of investigating the property before going to the auction.
However, once the signed Agreement for Sale and Purchase was sent to her lawyer, her lawyer pointed out to her… Continue reading
Thursday, 24 November, 2011 | Claire Coe
At Rainey Collins we can guide you through the home buying process. Take advantage of our FREE first home buyers seminar.
To register your attendance, enter your details below and submit or call Gillian Scanlon on (04) 473 6850… Continue reading
Thursday, 24 November, 2011 | Claire Coe
At Rainey Collins we can guide you through the home buying process. Take advantage of our FREE first home buyers seminar.
To register your attendance, enter your details below and submit or call Gillian Scanlon on (04) 473 6850… Continue reading
Thursday, 24 November, 2011 | Claire Coe
At Rainey Collins we can guide you through the home buying process. Take advantage of our FREE first home buyers seminar.
To register your attendance, enter your details below and submit or call Gillian Scanlon on (04) 473 6850… Continue reading
Thursday, 24 November, 2011 | Claire Coe
At Rainey Collins we can guide you through the home buying process. Take advantage of our FREE first home buyers seminar.
To register your attendance, enter your details below and submit or call Gillian Scanlon on (04) 473 6850… Continue reading
Wednesday, 26 October, 2011 | Claire Coe
Sandra and Mark were shareholders in a Loss Attributing Qualifying Company (“LAQC”) which owned their rental property in Wellington. They set it up this way as the income received from the property was not enough to cover the outgoings for the property. LAQCs have been abolished due to changes in legislation which came into effect on 1 April this year. People who have LAQCs need to make an election to… Continue reading
Monday, 3 October, 2011 | Claire Coe
Belinda and Maurice jointly owned an apartment as an investment property. They were beginning to struggle financially and decided to sell the apartment. They had not been able to keep up with payments to the Body Corporate, so owed about $2,000.00 in levies.
When settlement day approached, they were shocked when their solicitor forwarded them a statement from their bank showing the amount that needed to be repaid to… Continue reading
Monday, 26 September, 2011 | Claire Coe
Nathan was a director of a company that owned rental properties. He made good money from the company’s various properties. His company sold one of the apartments it owned to another GST registered company. He went to his lawyer and accountant to ask if he had to pay GST on the sale.
The answer is no. The transaction will be what is called “zero-rated” which means GST is compulsorily… Continue reading
Monday, 5 September, 2011 | Alan Knowsley
In 1996 Mr and Mrs A moved into their newly built home. Unfortunately, that same year they noticed leaks, and water entering their house.
They decided not to pursue mediation or negotiation through the Weathertight Homes Resolution Service. Instead, they had their home repaired themselves at a total cost of almost $250,000.
Then in 2009, they brought a case to the High Court to recover the cost of… Continue reading
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