Property / Real Estate

The New Earthquake-prone Buildings Regime

Created: Monday, 17 July 2017 16:06

The Building (Earthquake-Prone Buildings) Amendment Act 2016 came into force on 1 July 2017. This Act makes changes to the Building Act 2004 and represents a new way for Territorial Authorities to deal with the identification and management of earthquake-prone buildings (EPBs). It aims to create consistency in how and when all Territorial Authorities deal with and provide the public with information about such buildings.

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Earthquake Strengthening for Unit Title Properties

Created: Tuesday, 04 April 2017 12:39

MBIE has recently announced a review of the Unit Titles Act 2010 and published a discussion document highlighting specific areas to be considered in that review.  We will keep you updated as that review progresses but in the meantime, we highlight another issue of concern that is undermining the stability of unit title management processes.

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Residential Land Withholding Tax - What it all means

Created: Sunday, 31 July 2016 20:58

There has been a lot of confusion in the market regarding the recent law changes affecting residential land transactions.

There is a level of uncertainly in our foreign communities as to whether or not a non New Zealand tax resident can buy property in New Zealand, and what limitations apply to purchasing residential property.  Added to this are the recent limitations trading banks have put in place.

As to the increased contributions required by investor purchasers in relation to trading bank findings, of themselves those increased thresholds don't prevent acquisitions, only the  manner in which they are funded.

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Fencing: "..There is no dispute more unpleasant than one between Neighbours.."

Created: Tuesday, 14 April 2015 12:00

The recent decision in Gosney v Ngai Tahu Property Limited was an appeal from a district court decision granting Ngai Tahu an interim injunction which prevented the Gosneys from interfering with Ngai Tahu constructing a fence on the boundary of the Gosney property and associated orders.

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Unit Titles Issues #3

Created: Thursday, 08 May 2014 23:14

In this final of 3 articles we continue our commentary on issues that have been facing bodies corporate in recent times.

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Unit Titles Issues #2

Created: Thursday, 01 May 2014 12:00

In this second of three articles on unit title issues we identify further issues that have been facing bodies corporate in recent times.

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