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Thinking of subleasing? What you need to know

August 17th, 2020 Matthew Joyce & Tom Fitall

Thinking of subleasing? What you need to know

Subleasing may be an option as businesses consider reducing the amount of office space they require in the new COVID-19 world. But what do you need to know before jumping on the sublease wagon?
Topics: COVID-19 , Property
 
COVID-19 – Alert Level 3 – How does this change affect rental payments?

COVID-19 – Alert Level 3 – How does this change affect rental payments?

This is an update on our previous note on leases at Level 4

In this note we examine the implications of the move from Alert Level 4 to Alert Level 3 for landlords and tenants of commercial leases. 

What is the effect of the change from Alert Level 4 to Alert Level 3 on leases? Will ADLS clause 27.5 still be relevant?

 
COVID-19 Property Transactions Under Alert Level 3

April 20th, 2020 Gibson Sheat

COVID-19 Property Transactions Under Alert Level 3

If you have an existing agreement and consider that you are in a position to settle at alert level 3 then you should discuss this with your lawyer. 
Topics: COVID-19 , Property
 
How Does a Body Corporate React to Covid-19?

April 8th, 2020 John Steel

How Does a Body Corporate React to Covid-19?

This is the story of how Body Corporate Apartment X (BCAX) has responded to COVID-19. Other Bodies Corporate may find this useful in determining their own courses of action.

Topics: COVID-19 , Property
 
COVID-19: Property Transactions Under Alert Level 4

April 1st, 2020 Gibson Sheat

COVID-19: Property Transactions Under Alert Level 4

If you are in the process of buying or selling a property, we recommend you discuss matters with your lawyer. Although our physical offices are closed, Gibson Sheat remains open for business to provide its clients with the advice they need in these unprecedented times.

Topics: COVID-19 , Property
 
COVID-19: Suspension costs – taking the pragmatic approach

April 1st, 2020 Finn Collins

COVID-19: Suspension costs – taking the pragmatic approach

I anticipate that the vast majority of contractors will not be throwing in the kitchen sink on delay costs and letting the contract become a battleground. Pragmatism needs to win the day because it is very likely that none of the current contracts adequately deal with all the financial implications of the current lockdown.

 
COVID-19 Mortgage holiday

March 26th, 2020 Gibson Sheat

COVID-19 Mortgage holiday

Home-owners who have had their income disrupted by COVID-19 may be entitled to a 6-month mortgage payment holiday, but they should carefully consider whether a mortgage holiday is necessary because it will lead to a greater liability in the future.

 
COVID-19 Residential rent freeze - more details emerge...

March 26th, 2020 Gibson Sheat

COVID-19 Residential rent freeze - more details emerge...

  • The rent freeze applies for an initial period of six months
  • If a landlord has already given a rent increase or termination notice that comes into effect on or after the Bill comes into force (26 March 2020), this notice is of no effect.
 
Rent freeze announced in response to COVID-19 pandemic

March 24th, 2020 Gibson Sheat

Rent freeze announced in response to COVID-19 pandemic

The Government has announced a rent freeze in response to the Covid-19 virus. The rent freeze only applies to residential properties ...
 
Legal considerations for multi-generation property ownership

November 12th, 2019 Alexandra Morrissey

Legal considerations for multi-generation property ownership

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.
 
How titles are held – Crosslease, stratum in freehold, leasehold

April 2nd, 2019 Gibson Sheat

How titles are held – Crosslease, stratum in freehold, leasehold

A title is a way to record the land and properties information, such as lot numbers, how big the section is, whether there are any covenants, easements or caveats registered against the title...
Topics: Property
 
Meth contaminated properties

April 2nd, 2019 Gibson Sheat

Meth contaminated properties

A property that has been used to manufacture methamphetamine, or has had methamphetamine smoked inside, can be contaminated...
Topics: Property
 
Implications of the Overseas Investment Amendment Regulations 2018

February 15th, 2019 Alexandra Fink

Implications of the Overseas Investment Amendment Regulations 2018

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.

Topics: Property
 
Giving notice to tenants & what to do if they are not paying rent

December 13th, 2018 Gibson Sheat

Giving notice to tenants & what to do if they are not paying rent

There are two types of tenancy agreements which a landlord and tenant can enter into: periodic tenancy and fixed term tenancy.
Topics: Property
 
Unpaid rates lead to sale of property

December 13th, 2018 Gibson Sheat

Unpaid rates lead to sale of property

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.
Topics: Property