Resources
Useful information for our clients.
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In our previous article on cross leases found here , we discussed the standard clause in a cross lease that prevents owners from developing their property without the cross-lessor’s consent. This issue is becoming more widespread as New Zealand’s population increases and development of older properties built on cross leases in the 70s and 80s is required.
If you have signed a valid will and subsequently get married, your will is automatically revoked (that is, becomes invalid) by operation of law. The same rules apply to civil unions.
A basic property right we all share is the ability to gift our assets whilst we are alive. There are however claims available that restrict what you can gift after death in your will.
Debt becomes a real concern for small businesses that need to be paid or are struggling to pay invoices.
Many clubs own significant assets including land and buildings, and there are significant financial responsibilities for those members that are in charge of managing them.
When a tenant pays rent late or fails to pay rent at all, the landlord has an important weapon in their arsenal - the Property Law Act 2007 (PLA) notice of an intention to cancel the lease.
This article looks generally at mandatory duties and the associated record-keeping obligations of trustees.
Cross-leases are fraught with issues. The most common issue relates to alterations and development.
For most of us, a house will be the single biggest purchase we ever make. The process of house-hunting can be exhausting, with dozens of properties to view and consider.
