August 10, 2017

Your will sets out your instructions on how you want your property, known as your estate, shared out when you die and how you want your dependants, such as your partner or children, to be looked after.

Having a valid will in place when you die can reduce the amount of f...

June 18, 2017

Are you leasing the premises from which you run your business? The Landlord may require you to enter into a commercial lease recording the terms on which the premises are leased.

Typically the following details are included in a commercial lease:

  • The name of the land...

May 31, 2017

A second mortgage is a loan which is secured by mortgage to the title of a property behind another mortgage (known as the first mortgage). The second mortgage comes second to the first mortgage in priority, meaning that, in the event the mortgagor (the borrower) defaul...

May 31, 2017

A house purchase is often the biggest asset (and debt) a person will take on during their lifetime. Rising house prices in Auckland mean that first home buyers looking for a foot on the property ladder often need to consider alternative options such as purchasing a pro...

May 31, 2017

A dry Summer is a timely reminder to consider the importance of water easements, particularly for rural properties.  

An easement grants a right for the owner of one property to do something on someone else’s property. There are several types of easements including the...

May 31, 2017

A vendor is required to sell a property with vacant possession unless the particulars of the tenancy are included in the agreement for sale and purchase.

Vacant possession includes:

  • Giving title to the property free from any tenancy or right of occupation; and
     

  • ...

May 31, 2017

Tenancies in New Zealand typically fall into two categories - residential or commercial. It is important for a landlord to understand the difference between the two.

A residential tenancy refers to a tenancy where a property is being rented to live in. Residential tenan...

May 10, 2017

This is not an unreasonable question to ask given the growing number of New Zealand homes which have tested positive for methamphetamine or “P”. The risk of a contaminated property affects property owners, buyers, sellers and tenants.

If P is manufactured or used even o...

April 12, 2017

When purchasing a property, it’s advised a purchaser obtains a Land Information Memorandum Report (also known as a LIM Report). A LIM Report can be obtained from the local authority for a fee, and contains valuable information about the property such as soil contaminat...

April 12, 2017

In 2009, tenants Kenji and Tieko Osaki caused substantial damage to their rented home when Mrs Osaki left a pot of oil unattended on the stove, resulting in a fire breaking out through the property. The property was repaired through the landlord’s insurance, but the in...

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