Who's Responsible for Repairing a Damaged Retaining Wall?
When a retaining wall on the boundary between two properties starts to deteriorate, figuring out who pays for the repairs can be tricky. Legally, each landowner must ensure their actions don’t harm their neighbor’s land. While you don’t have to actively provide support to a neighboring property, you can’t remove existing support without replacing it and undermining the neighbor’s “right of support for land in its natural state.”
Liability can be complicated, read on for our recommendations.
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Separation Agreements
A Separation agreement is a legally binding document negotiated between two parties who have decided to end their marriage or relationship. Under section 21A of the Property (Relationships) Act 1976, spouses or partners can settle their differences concerning property owned during the relationship in this way.
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Considering Refinancing?
Perhaps you’ve been hearing the term “refinance” a bit more in light of the current interest rate discussions.
The term “refinance” refers to the process of replacing your existing loan with one bank to a new loan with another.
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Contracting Out Agreements
Have you recently entered into a relationship with someone? Or, do you have assets you want to protect? Perhaps you simply want to know more about ways you can protect your assets when entering into a relationship.
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Thinking of buying a home with another?
Purchasing a home is a significant investment, and with a housing market on the continued rise (dips aside), it is often not something that can be done alone.
In our latest blog we explore the risks and benefits for each party considering undertaking a joint purchase.
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Vacant Possession
Moving into your new home and discover the vendor has left some unexpected items behind? Within this blog we explore some of the remedies that are likely available to you.
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New Tax Disclosure and Mandatory Financial Statements for Trusts
Trustees, if you’re still coming to terms with the Trusts Act 2019, the new Tax Administration (Financial Statements – Domestic Trusts) Order 2022 (the Order) is set to further increase compliance obligations. The Order sets out minimum standards and new disclosure rules for financial statements prepared by trusts.
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Requisition Provisions
Requisition Provisions are becoming more relevant lately. But not for the reasons you would perhaps think...
In our latest blog we explain the relevancy of requisition provisions to your Sale and Purchase Agreement, and how they may impact the release of settlement funds.
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Light on the lending horizon?
Attention: First home buyers/borrowers, turns out you might be able to continue to pay for your Netflix account after all!
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Making Sense of Cross Leases
Cross leases are a complicated form of property ownership in New Zealand but don’t knock them until you understand them!
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Vendor Warranties and Compensation Entitlements
Every now and again following pre-settlement inspection, issues arise…
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Why you should get a LIM
What actually is a LIM?
LIM stands for “Land Information Memorandum”. If you’re still not feeling much wiser, we don’t blame you…
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