As the number of new building consents edge back to 2007 levels, many home buyers are resorting to purchasing their home “off the plan” or as a “house and land package” given the relatively low supply of existing houses for sale. This may have contributed to the competitive behaviour of […] Read More›
Property
Most experienced real estate agents will recall some of the practical difficulties arising from the Real Estate Agents Disciplinary Tribunal’s decision in LB and QB v The Real Estate Agents’ Authority & Li (2011). This case involved a land covenant that had been registered on the title, which prohibited the […] Read More›
The IRD has recently issued new rules affecting the taxation of payments made between tenants for the transfer or assignment of a lease. Prior to these rule changes the payment by an incoming tenant to an outgoing tenant for the benefit of the lease was typically non-taxable to the exiting […] Read More›
As New Zealand recovers from the Global Financial Crisis and more financing is focused towards redeveloping and revitalising older commercial properties around the cities, it is obvious from the number of scaffolding that litters the cities that the potential for a breach of a tenant’s right to quiet enjoyment in […] Read More›