Hi guys,
I have a little scenario:
Two parties, A and B, are purchasing a property together for $1.5M.
A and B are each getting a loan of $500K, but A is also putting in an additional $500K cash as equity.
Can someone please eloquently put into words...
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How to Split Property Ownership
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Pushing the limits of sleepout size
According to legislation, any part of a bedroom that is less than 1.5m in height is excluded from the calculation of area. Therefore, if we raise a queen bed platform, and lower the ceiling so that the measurement between the platform and ceiling is 1499mm, then this is a few extra metres of area we... -
Is an electrical connection required in a building??
Hey PT law experts, a left-field question here, but i've been pondering the NZ building code and associated regulations in recent weeks - is a building (commercial or residential) legally required to have an electrical supply? I know that clause G9 of the building code states HOW the connection should... -
Company hiring a Property Manager
Hey All
I have a rental property and I would like to make it part of a company (yet to be created) (let's call it A Ltd) that will pay me the profits (as dividends I guess) when I see fit throughout the year (taxed).
I have a property manager to manage the property and understand... -
Purchaser NOT serious about settling the property --Your Advice Pls
I believe that the purchaser of my property is not serious about setting the property. Initially On settlement date, the Purchaser requested for seven days
extension to complete the settlement, Once we reached the 7th day the purchaser lawyer mentioned that the purchaser is unable to settle the... -
Can council enforce me to allow neighbor put new storm water pipe through my yard?
My rental property's next door wants to develop land.<His land is at much higher part of a slope than my land. Other neighbors lands are lower than mine). Both his land and mine don't have storm water connection(in old area, not required compulsorily,so stormwater goes to ground). He wants...
Last edited by MelodyShi; 28-05-2022, 01:16 PM. -
How international market forces affect NZ property
There seems to be a myth or more likely a miss understanding that the kiwi property market is insulated from international markets, and move's only on forces in New Zealand.
This is incorrect,
Property prices are influenced by interest rates, interest rates are influenced (manipulated)...Last edited by Jeffa; 24-05-2022, 12:11 PM. -
Purchaser Defaults On Settlement Day
Sold our property and have purchased new property.
Purchaser hasn’t paid on Settlement Day and have been given another 12 days to settle. Meanwhile, we are incurring Penalties on the new property.
our property has been on sold several times since we signed the S&P Contract... -
Housing intensification, and the death of character areas.
Man does not live on bread alone.
Well that's what one wise teacher tried to tell my stupid little schoolboy ears - a long long time ago.
Being all go and little thought, at the time, it seemed like a daft thing to say.
Of course there was more, there were meat pies and... -
Neighbor introduces 5 hotness siphons 3 m from my rooms
My home is pointing toward the north, a little nursery, and 3 meters away there's the neighbor's home block facade. Neighbor runs a little B&B lodging, has quite recently finished structurally planned modifications and introduced 5 rather enormous hotness siphons next to each other on his south... -
Placement of manhole for neighbouring development
Hi All,
I've been following conversations before but first time poster.
We have been approached by a neighbour who intends to develop their property, and needs to upgrade the sewage connection to the mains line which runs through our property. I've followed a few threads which... -
How does a self employed person show Proof of Income to a landlord?
How does a self employed person show Proof of Income to a landlord?... -
March 2022 Property prices correcting down even more?
There seems to be a general consensus - in the financial sector (and related groups), that the property market is well on the way to its long needed downward correction.
Although, it's worth noting, that even a severe drop won't take much off the top of the previous two decade long price... -
Can a purchaser make demands after buying?
We put our house on the market in Nov/Dec 2021 and a purchaser went unconditional in Jan2021. They wanted a long settlement until 25/03/21 which we agreed to. A week before the settlement date a toilet leaked and the a small area of the bedroom carpet was wet for several days. The carpets are over 15... -
Auckland height to boundary - driveway/entrance strip either side?
Unsure how to interpret this bit of the Auckland unitary plan?
"(4) Where the boundary forms part of a legal right of way, entrance strip, access site or pedestrian access way, control in Standard H3.6.7(1) applies from the farthest boundary of that legal right of way, entrance strip,...