Multi-generational households in NZ increased by 49% from 1996 to 2013.
For parents and adult children who own a house together, a Property Sharing Agreement should be put in place. This will ensure that everyone knows where they stand, and avoid misunderstandings that could lead to conflict down the track.
The Overseas Investment Regulations were recently amended with the aim of reducing overseas purchases of New Zealand property, and making residential housing more available and affordable to New Zealanders.
Whether you are purchasing your first home, family home, rental property or simply refinancing your property, it pays to remember the consequences of not keeping your rates paid and up to date with your local Councils.
A rural lease is a legally binding document which governs the relationship between the landlord and the tenant for the use of rural land. Often rural leases are entered into as a gentleman's agreement, with a handshake to seal the deal. This works fine until something goes wrong...
The division of relationship property is regulated by the Property Relationship Act. The purpose of the Act is to set out some rules for the fair division of relationship property at the end of a relationship.
A commercial lease can be a complicated agreement with binding implications for both the landlord and tenant. Before you enter into a Lease, it is vital that you understand the rights and responsibilities...
Historically, cross-leases were a popular form of dividing land for land owners because they allowed owners to avoid certain subdivision restrictions but achieve similar results to a formal subdivision under the existing Act, at a fraction of the price.
Land covenants are standard in residential developments. They are essentially the rules that the owners and occupiers of land within the subdivision/development must abide by and they keep the area and properties within that residential area up to the standard hoped for by the developer and the buyers of properties in that area.