Property
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.
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.
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.
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.
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.
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.
If you’re looking at renovating your house, you should be aware that a building consent may be needed for more work than you think. Replacing your bathroom with ‘like for like’ is not as simple as that as many people don’t realise a building consent is required for wet rooms and tiled showers.
For many of us, buying a home is the largest purchase we will ever make. That’s why spending a few hundred dollars on a pre-purchase building report is so important as it can save you hundreds, maybe thousands, of dollars in years to come.
Changes to the standard form of the Auckland District Law Society (ADLS) Deed of Lease now make it possible for landlords to review the annual rent payable by either a market rent review or a Consumer Price Index (CPI) rent review.
Building a new home can be exciting, as well as being rather daunting. Stories abound of disappointments and building hassles.