In 2015 the Court of Appeal told landlords they could not
recover the cost of damage caused by their residential tenants
unless it was done intentionally. This was because the Property Law
Act 2007 said that a landlord could not require a tenant to meet
the cost of damage which can be insured against. From 27
August 2019 the Residential Tenancies Act 1986 dictates the law on
this issue.
By Mathew Martin - 28 Aug 2019
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The Property (Relationships) Act 1976 determines what is
and is not "relationship property" and which assets should be
divided equally between de facto partners and spouses on
separation. It also defines "separate property" as assets owned by
one partner alone and not to be shared equally. But in a country
with the highest number of trusts per capita in the world, what
happens if your assets are held in trust?
By Telise Kelly - 18 Aug 2019
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On Wednesday the much anticipated Trusts Bill finally
received the Royal tick of approval and officially became an Act of
Parliament. Pursuant to section 2, the provisions of the Act will
come into force on 1 February 2021. This is probably the most
significant change to trust law in the past thirty years or
more.
By Emma Foster - 1 Aug 2019
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For many people trying to purchase their first home,
getting together a deposit is often a daunting thought that may
seem unattainable. There are, however, a number of resources that
you can tap into to help get you to that ever important point where
you can move from paying your landlord's mortgage to paying your
own.
By - 23 Jul 2019
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When buying off the plans, there are a number of extra
terms and conditions which need considering before signing an
agreement. We discuss a few of these below.
By - 15 Jul 2019
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Your child has found the property of their dreams, but
they are a little short on their deposit so you decide to help them
out. Before transferring the money, it is essential you talk to us
about protecting your contribution.
By - 8 Jul 2019
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By law, overseas investors in sensitive land and significant
business assets in New Zealand must be of (and must maintain) 'good
character'. The Overseas Investment Office (OIO)
considers many factors when assessing an overseas investor's
character. The term 'good character' generally means acting
appropriately, including but not limited to not committing any
offences nor contravening any laws.
By Steven Lee and Genelle Seah - 12 Jun 2019
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We are delighted to announce that Jacque Lethbridge joined
the partnership effective 1 June 2019.
By Mike Worsnop - 1 Jun 2019
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Accompanying the increase in blended families is a
corresponding increase in claims by children against the deceased
estate of a parent who entered a new relationship. Acrimonious
divorces and de facto separations sometimes leave children of the
relationship estranged from one parent. This in turn can sometimes
result in the children being disinherited in favour of the
estranged parent's new partner and family.
By Terri Gough - 5 Apr 2019
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Recently I had a new client who in our initial meeting
said "my friends have told me I can get more than 50% of the
assets". How many people going through a separation have heard the
same thing from friends or family who have either gone through it
themselves, or heard about "someone" who got more than
50%?
By Fiona McGeorge - 14 Mar 2019
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