Property

Residential Tenancy Laws- Gifford Devine

Over the fence – Autumn 2021

The Privacy Act 2020 came into force on 1 December 2020, replacing the Privacy Act 1993. It has introduced new requirements for New Zealand businesses (including farms) and organisations to give greater protections for individuals.

Rural Trusts – Gifford Devine

Are trusts still fit for purpose?

Still fit for purpose for farm ownership and succession?

Trusts have long been the preferred vehicle for farm ownership. Historically, holding a property through a trust meant that ownership did not change on the death of the farmer and, therefore, any death duties could be avoided during the generational change.

Gifford Devine Rural News

Rural leases

Leasing of farms, orchards and cropping land is becoming more common. It is a good way for farming operations to expand without capital commitments involved in buying land. For landowners, it can be a useful way to retain ownership of the capital but give away the day-to-day farming operations, either through a desire to semi-retire or to hold the farming asset for a period while family or continued ownership issues are resolved.

Property briefs 2021

Property briefs – Autumn 2021

A warning from Insurance Council of New Zealand: Is your property fully insured? Also, we consider the implications of Stage 2 of the Residential Tenancies Act changes, now in force. Now that it is more difficult to remove an unwanted tenant from your rental property, it is crucial to do your due diligence on a prospective tenant, but be aware of their right to privacy.

Reverse Mortgages

Reverse mortgages

Some older homeowners are seeking ‘reverse mortgages’ from their lenders in order to release the growing equity in their property. Here’s what you need to know.

Commercial rent reviews

Rent reviews in commercial leases

An examination of a variety of clauses to suit different situations when rent is up for review in commercial leases.

gifford devine property brief

Property briefs

In response to the COVID pandemic, changes continue to be made around tenancies – both residential and commercial – as well as mortgages and lending.

commercial lease

Commercial leases post-COVID

In the past three months, most landlords and tenants would have become more familiar with the details of their lease. In particular, most will be looking at how clause 27.5 of the Auckland District Law Society (ADLS) lease applies to the government-imposed lockdown that we have all experienced as a result of COVID-19.

residential tenancies

Residential tenancies post-COVID

Due to the COVID lockdown and the ensuing impact on the country’s economy, the government has made temporary changes to the Residential Tenancies Act 1986. These changes restrict a landlord’s ability to increase the rent or to end residential tenancies.

property

Property briefs – Autumn 2020

There has been recent media attention on the way property development contracts are structured following the cancellation of a number of Agreements for Sale and Purchase by the developers of a project in Tawa, just north of Wellington.