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Body Corporate Rules

Body Corporate Rules

The transitional period for body corporate rules expires on 1 October this year. If you are in a body corporate which existed as at 20 June 2011 then your existing rules will automatically be replaced with the minimalistic default rules under the Regulations unless you and your other owners pass new rules and give notice to LINZ (our land registry).

By Kay Keam - 14 Sep 2012

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Buying or Selling Property? Beware of bargain basement conveyancing prices!

Buying or Selling Property? Beware of bargain basement conveyancing prices!

As consumers we all want to get the best deal, particularly when we're house hunting. Negotiations between buyer and seller can get intense and every last penny becomes critical. You'd rather pay a little extra for the house than spend it on conveyancing costs, right?

By Louise MacCallaugh - 24 Aug 2012

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Martelli McKegg features in latest Auckland Today Magazine

Martelli McKegg features in latest Auckland Today Magazine

Lisa Gerrard was interviewed by Auckland Today as part of their 'leaky building' feature. Lisa commented on the biggest challenges facing owners of leaky buildings and the steps home owners should take if they suspect they may have a leaky home. 

By - 20 Jul 2012

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Upcoming changes to Agreement for Sale and Purchase

Upcoming changes to Agreement for Sale and Purchase

If you're planning on signing an Agreement for Sale and Purchase in the near future there are changes you need to be aware of.  The changes are particularly relevant if you're buying or selling a unit title.

By Kay Keam - 6 Jul 2012

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Relief for Earthquake Insured

Relief for Earthquake Insured

Many insurance policies contain exclusion clauses which seem wide-reaching enough to bar many claims. However, a recent High Court decision underlines the need to carefully examine the effect of those clauses.

By - 25 Jun 2012

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Property purchasers beware

Property purchasers beware

Last week's announcement that the OCR will remain unchanged is good news if you're looking to purchase a new home ... provided you can find a house to buy! Reports of limited residential housing stock are rife, creating a fertile environment for vendors to achieve premium prices.  However, it is also a time when purchasers may be tempted to take additional risks in an effort to secure a property.

By Louise MacCallaugh - 15 Jun 2012

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Solicitor’s Approval v Due Diligence

Solicitor’s Approval v Due Diligence

Some buyers believe that if they sign an agreement to buy a property which is subject to "solicitor's approval" they automatically have a "get out of jail free" card.   A solicitor's approval clause cannot get you out of an agreement if you suddenly discover something about the property that you don't like and you decide you don't want to buy it.

By Louise MacCallaugh - 9 Mar 2012 - 1 comment

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Relief for Small Unit Title Developments

Relief for Small Unit Title Developments

The Unit Titles Act 2010 requires owners of unit title properties to have a long term maintenance plan. Owners of separate units may wish to opt out of this obligation by passing a special resolution. This requires at least 75% of owners to agree. If a special resolution is passed then each owner becomes responsible for the maintenance of their own unit only and there will be no obligation to have a long term maintenance plan and fund. Owners may also opt out of the Act's requirement for an independent auditor by passing a special resolution.

By Kay Keam - 11 Aug 2011

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The rules have changed

The rules have changedThe Unit Titles Act 2010 comes into effect on 20 June 2011. This new Act makes sweeping changes to the previous unit titles regime. We will highlight the most important of these changes over the next few weeks.

By Kay Keam - 10 Jun 2011

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Finance for home buyers

Finance for home buyers"I've got finance pre-approved, so I don't need a finance condition right?"...Wrong!

By Louise MacCallaugh - 14 Sep 2010 - 1 comment

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