Many units in Body Corporate complexes are owned by investors through company entities. When a company gets into financial difficulties one of the options for secured creditors is to appoint a receiver. Obligations of receivers are generally governed by the Receiverships Act 1993. Recently the High Court was asked to […] Read More›
Property
The Government has introduced a Bill which proposes to amend the current legislation. The Building (Earthquake-prone Buildings) Amendment Bill proposes to amend the Building Act 2004 to give effect to reforms announced in August 2013 to improve the system for managing earthquake prone buildings. Regardless of the final form this […] Read More›
The Court of Appeal in February 2014 ordered the rectification of a Contract for the sale of land when a section of land was left out of the Contract when clearly it was intended to be included in the sale. This was an unusual situation where an elderly couple sold […] Read More›
Although the “new” Property Law Act is now seven years old there continues to be ongoing interpretation of some key changes introduced by that legislation particularly in the area of commercial leases. One new development the Act brought in was the protection provided to Tenants where the Tenant was paying […] Read More›