Updates - Property

Until a recent Supreme Court decision, clause 6.5 of the ADLS agreement for sale and purchase had been interpreted to require a purchaser to settle (despite the vendor being in breach of a warranty) and look for a remedy later.READ MORE

In this issue: further thoughts on the new Unit Titles Act 2010, including the likely detail to be contained in the regulations, an update on recent court cases in the leasing arena that highlight issues landlords and tenants should consider and a recent Supreme Court decision that strengthens a purchaser's hand in forcing a vendor to address warranty issues prior to settlement of a property sale. READ MORE

Two recent court cases give guidance on interpretation of the Property Law Act 2007 provisions applying to leases. Other cases reviewed emphasise the need for both a well-drafted lease and full consideration of issues when negotiating that lease.READ MORE

Some interesting issues have arisen from the new Unit Titles Act. Will the new Act prove to be too cumbersome for smaller developers?READ MORE

The Act will result in fundamental changes to the sale, purchase, and settlement of apartments and other units in a unit title development. What will the Act mean for you?READ MORE

In this issue we look at the Real Estate Agents Act in practice, the new REINZ agreement, and the new Unit Titles Bill. We also look at an Auckland Super City process that will determine new boundaries, area names, and rates that may affect your property or business. Submissions on this proposal close on December 11. READ MORE

Have your say on this important process. Submissions close on 11 December.READ MORE

Following the implementation of the Act, some real estate agents are responding in a way that has the potential to create a number of issues for unwary vendors. Vendors should proceed cautiously before signing agency agreements.READ MORE