We own a freehold property that can be subdivided under the Auckland unitary plan for mixed housing urban, and it is accessed by a shared driveway in which we own a 1/6th share (I'm unclear on legal terminology but the title for the driveway says "Fee simple - 1/6th share").
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Subdividing with a shared driveway - can't get straight answer from council planners
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legal for developer to "bluff" on units currently "under offer"?
Let's say a developer is developing 50 land (section) lots.
Let's say I asked to show which lots are still available and it turns out 3/4 of all the sections are marked "under offer".
Let's say I'm a bit suspicious ... (I could be entirely wrong of course!)
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Creating new bedrooms from living spaces, then selling the property.
Hey guys, I've got what i feel is a stupidly simple question, but I can't seem to find answers anywhere...
Say an unnecessary dining room has been converted into a bedroom (complying with Building Act and relevant legislation; i.e. window size, ventilation, fire etcetc) and no Building... -
Buying a property from my grandmother
Hi team, first time visitor, first time poster. Can someone help me please?
TLDR: I want to buy Grandmas house from her. Publicly listed RV is 255K but the average price for the neighborhood is quite a bit higher - maybe mid 300's.
Property needs some planning work done and... -
Leting owned property - income tax question?
Hi! I'm looking to move to another area of the UK for work purposes, but I already own a property so will be renting there and letting my current property (as much of a pain this is, the job has much better pay and commuting will cost just as much as the salary bonus is!). I was wondering how the money... -
Commecial building - sale of shares to co-director
I am intending to sell my 50% shareholding to the co-director of a company which owns a commercial building.
Are there points that I should consider other than the fact that, as it will be an off-market sale, there will be no fees and commissions associated with a real estate agent.... -
Structuring a co-owned property for future loans
Hey guys,
I'm looking for some advice on a property I co-own in Auckland. Myself and my partner own 50% of a property, and the in-laws own the other 50%. We have a mortgage on portion of our half, and their half is mortgage free.
Now I'm wanting to extend my mortgage...Last edited by Mattsaas; 23-04-2018, 11:16 AM. -
Trust Payout Taxable?
Hi
Mum's house is in family Trust.
Mum dies
Trust sells house
Splits money 4 ways to 4 children.
Trust closes
Does that money get taxed?
If yes when...Trust pays tax or each child pays individual tax on their payout?
Thanks
Richard -
adding clause to S&P agreement
Planning to sell a property in central Auckland and would like to add a clause that we can introduce a buyer without paying the commission to the agent. Interested if people use this and what the wording would be, thanks. -
Legal position of connecting to council services in neighbouring property
Hi all,
would appreciate any thoughts. I went to see a neighbour regarding connecting to a council service In their property. They have stated that they do not want to provide permission and declined to meet, stating they do not want to discuss the matter any further.
in... -
Ratchet Clause - Hard vs Soft
Hi guys, was reading a valuation report for a property today and it says (under the part about leases) that the ratchet clause for one of the leases is 'soft'.
I'm not sure I remember this correctly. But is a 'soft' ratchet clause the case when the rent can't go down below what it was... -
Property flipping couple lose in case after $1.7m arrears ran up
The correct implementation of the law proves there is no need for 'reform'?
Although this appeal really relates to a technical exploration of what you can get away with dealing with the IRD, the original ruling is what should apply to all speculators.
http://www.nzhera... -
Do I need a Family Trust?
Hello,
My husband and I want to develop our family property (1/4 acre, Terrace House/Apartment zone, in Auckland).
We will be applying for building finance soon, and I'm wondering what ownership structure would be best for us.
We have a large family, with adult children... -
GST on a Rent
If I rent a property which has a house and land for my business, Say 50% is the house and 50% is the land for my Income. Would the Land part of the Rent have GST I could Claim back?
Thanks for any help -
What can I do to protect myself (With New Partner)
Been seeing my partner on and off for a year or so now (We have a child together), I am living in my own house with flatmates, and she her own. (Obviously we spend times over each others etc).
Anyways, moving forward I am planning on purchasing a house, and because our relationship would...
