Tag Archives | Sale and Purchase

Let the Seller Beware

Agents and lawyers – they have always been down the list in the popularity stakes. Property developers have not fared much better. Real estate agents have been working hard to improve their rankings. It’s impacting on sellers of property in an unexpected way. REAA looks out for the consumer – the buyers and sellers of property.

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Posted in Legal comments

Complusory Zero Rating

A recent proliferation of webinars on the new agreement for sale and purchase and GST has raised some interesting points. Zero rating will still apply to the sale of a taxable supply but the sale and purchase of land now requires the parties to examine their GST positions and determine whether the transaction is compulsorily zero rated.

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Posted in Legal comments

Cross-lease vs fee simple

Fee simple ownership is true exclusive ownership and possession of the land and buildings on it. It’s ownership of what is below and above the ground (as is reasonable). Yes, others do get a say – for example the neighbours might have a say over fences; Council in terms of compliance with the District Plan or the Building Code and there are all sorts of other legal rules that impact your ownership – trespass, nuisance etc. But it’s as good as it gets.

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Posted in Legal comments

Properties I’d love to Reno

I’m constantly asked about how to choose a good renovator, so in my ongoing attempt to educate my readers, here are a couple of examples. Basically, I look for a property where I can keep a big portion of the existing fixtures and fittings. For this blog post I am focussing on exteriors, so I’ll be concentrating on what parts of the outside I don’t need to replace or spend a lot of money on.

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Posted in Renovations comments

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