Here are three useful updates about topics covered in previous articles: using your Kiwisaver funds to buy your first home, buying homes in a multi offer scenario, and grants for insulation for rental properties. These are particularly relevant if you’re buying your first home, selling a property in a buoyant market, or a landlord.
Signing on Behalf of Trustees
Plan ahead. 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.
A reminder: buyers beware of GST zero-rating
The TGRM effectively creates a GST-zero position as between GST registered parties in certain land transactions.
Family Trusts and the Family Protection Act 1955
Under the Family Protection Act 1955 (FPA), parents have a moral duty to provide in their Wills for their children’s maintenance and support.
The ‘Solicitor’s Approval’ Clause
Have you ever signed an Agreement for Sale & Purchase without first giving it to your lawyer to consider?
Leasing the Farm
Leasing a farm, an orchard or cropping land is becoming more common and has attractions for both the land owner and the tenant farmer.
Limitation Act 2010
Limitation laws prevent certain legal claims being brought against a person or company after a defined period of time. They provide a defence against old claims and give certainty in relation to legal liability for past events.
Encumbrances: What does the future hold?
The Law Commission has recently made recommendations for a proposed new Land Transfer Act to replace the current Land Transfer Act 1952.
Running a Family Trust
Make sure your family trust stands up to scrutiny. The Sunday Star Times recently published an article about Do-It-Yourself family trusts and how failure to manage them correctly can put the integrity of a trust at risk.
Landlocked Land
Here are three useful updates about topics covered in previous articles: using your Kiwisaver funds to buy your first home, buying homes in a multi offer scenario, and grants for insulation for rental properties. These are particularly relevant if you’re buying your first home, selling a property in a buoyant market, or a landlord.
Tenants in Common versus Joint Tenancy
When buying property it is important to consider the type of ownership that is appropriate for your particular circumstances.