Joint tenancy v tenancy in common
The first option, and the most common form of ownership, is known as a ‘joint tenancy’.
Relationship property update: 30/70 asset split
After we had put this Winter edition together, a High Court decision2 was delivered in a relationship property situation involving a Wellington medical specialist and his wife.
P-lab testing
Methamphetamine (commonly known as ‘P’ or ‘meth’) contamination is an increasing problem in New Zealand properties. The by-products of P-use and manufacture are extremely dangerous.
Cross leases
Cross leasing was a very popular form of subdivision in the 1960s as a means to avoid strict planning rules.
Kid Gloves Needed
GST is always something that you can’t trifle with, particularly when you’re completing the sale or purchase of a property.
Retirement Village Living
When the family home no longer suits your needs and the time is right to consider your future requirements, many New Zealanders choose to move to a retirement village.
Change on the way for taxation of property investment
Residential property has long been a favourite investment for Kiwis looking to take advantage of no capital gains tax and a rising market.
Finance conditions for Sale & Purchase Agreements
With the standard ADLS/REINZ Agreement for Sale & Purchase containing a ‘subject to finance’ condition, a purchaser must do all things reasonably necessary to arrange finance on or before the...
Signing on Behalf of Trustees
Trustees sometimes need to sign documents in a hurry. An example is bank mortgage documents which may need to be signed so that the trust can borrow to cover expenditure.
Changes to the ADLS/REINZ Agreement for Sale & Purchase
Changes have recently been made to the ADLS/REINZ Agreement for Sale & Purchase; this is the standard form of Agreement used in almost all New Zealand property transactions.