Guarantees: Assuming the Risk
Guarantees are a common form of credit enhancement often required by banks and other lenders before they will provide finance, including loan advances.
Financial markets overhaul complete
On 1 December 2014 the second phase of the implementation of the Financial Markets Conduct Act 2013 came into force.
Be cautious about being a guarantor
While guarantees are a very useful tool, particularly for a debtor wanting to ‘get ahead’, as guarantor you should be cautious about entering into a contract such as this, particularly...
Residential Building Contracts: Homework is important when building
Building a new home can be exciting, as well as being rather daunting. Stories abound of disappointments and building hassles.
Facebook: Is this your personal property or not?
Within five seconds, you can take a photo on a smart phone and share it with the world. Or the world on Facebook.
Owning a cross lease
A cross lease title consists of two parts; the first is an undivided share of the whole piece of land that the dwelling or ‘flats’ are built on; the second...
Cross lease insurance
The Memorandum of Lease states that you must keep your property insured at all times. You may insure your own flat independently or there may be an arrangement where all...
Making alterations to your dwelling on a cross lease title
If your alteration is structural but non-load bearing, you’ll need consent from the other flat owners. This could include moving internal doors or partitions.
All Trustees Must Sign when Dealing with Trust Assets
“When establishing a family trust that usually owns your family home and some investments, the usual ‘mum and dad’ trust has you and your partner as trustees, together with an...
Paper Roads and Public Access
“Paper roads are relatively widespread across New Zealand farmland. They are more precisely called ‘unformed legal roads’ and have the same legal status as any other legal road.