Your legal obligations as an Airbnb host
As a follow up to our article about the tax implications for renting your accommodation as a holiday home, we’re taking a look at your legal obligations to your lender, insurer and local authority.
Property
Why you should talk to a lawyer before you buy property
Buying a house is a stressful process in itself, but if you’re competing for a purchase in a seller’s market, which has been the case for some time, the pressure can be intense. If you’ve felt the impulse to make a snap decision, or made an offer without due diligence, we want you to imagine the stern look on your lawyer’s face when you hand over the paperwork.
Caution required: three common scenarios with big consequences
In these property briefs, we have three situations which seem straightforward, but often aren’t, which can land the unwary in hot water. We take a look at the implications for landlords when tenants sell their business, what those boxes mean on Agreements for Sale and Purchase, and the difference between ‘joint tenants’ and ‘tenants in common.’
Three tips to protect yourself from property related problems
How to avoid buying a property with insurance problems, how to protect your property title from unwanted searches, and how to avoid a hefty expense when selling a cross lease property with an altered flat plan. Here are the answers.
Rental properties: what happens when tenants don’t pay?
Rental properties are an excellent source of income if you need extra money, want to pay off your mortgage faster or save for your retirement… unless your tenant doesn’t pay their rent. If this happens, property lawyers advise you to take a deep breath and follow the appropriate steps to get rent payments back on track. These are the steps you need to take.
Is your agreement to lease working for your business?
People sometimes hurry into an agreement to lease commercial property. Time is money and delays to setting up a business can mean delays to generating income.
More on Kiwisaver, multi offers and insulation
What many people don’t know is that you can still use your KiwiSaver funds to purchase a home owned by a trust, or partly owned by a trust.
Make money while you’re on holiday
An easy way to make a bit of money while you’re on holiday is to rent out your property as an Airbnb. However, it isn’t as simple as getting a booking and flying away. As an Airbnb host, you’ll need to consider income tax, GST and an ownership structure. Here’s what you need to know to get set up before you set off.
Legal Boundaries: Why titles matter
You have just moved into your new home and your neighbour knocks on your door. They say that your garage is two metres into their boundary.
Selling your property? Avoid payment of commission to more than one agent
It’s surprising that when selling property, the seller often pays little attention to the terms of the real estate agent’s listing agreement – particularly when there may a substantial sum of commission involved.