Tag Archives: New Zealand Law

Ngati Whatua Ground Rent Armageddon draws closer


Hundreds of leasehold apartment owners in downtown Auckland are gearing up for a legal fight with the Ngati Whatua o Orakei Maori Trust Board over the amount of ground rent they have to start paying from August, says the Sunday … Continue reading

Posted in Banking & Finance, Business Law, Leases & Leasehold, Property Law, Residential property, Subdivisions, Unit Titles | Tagged , , , , , | 1 Comment

Financial Markets Authority shuts down Geneva Finance from raising funds


Temporarily, anyway. Turns out Geneva haven’t disclosed in their latest prospectus that they are in breach of their banking covenants, such that the bank could at any time require to repay everything they owe.   Which they wouldn’t be able to … Continue reading

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Why does a penalty rate matter?


In conversation over the weekend, some people asked why I was making a big deal about the ANZ penalty rate of 26-27% (more if interest rates rise, less if they fall).  After all, they’re not planning to miss any payments, … Continue reading

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Beware ANZ Commercial Property Loans (the sting in the penalty rate tail)


Just a heads up to the commercial property borrowers out there……we have just received a bunch of ANZ loan documents on a 2/3 loan to value ratio tenanted commercial property where the penalty rate on late payment is between: TWENTY … Continue reading

Posted in Banking & Finance, Business Law, Construction Law, Property Law, Subdivisions, Unit Titles | Tagged , , , , , , , , | 1 Comment

Court upholds council pest rules


The District Court recently upheld the powers and actions of Waikato Regional Council to undertake pest plant control and bill property owners if they fail to carry out such work to the required standard of the regional pest management strategy. … Continue reading

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Business Agreements: Say What You Mean and Mean What You Say


A timely article in the blog of Californian lawyers Albertson & Davidson on lawyers as “insurance” for business. Drafting agreements is specialist work, and easy to get wrong the longer and more complex they get.  The only real panacea is … Continue reading

Posted in Banking & Finance, Business Law, Construction Law, Employment Law, Family & Relationships Law, Property Law, Residential property, Trusts & Estates Law | Tagged , , , | Leave a comment

The Joys of Leasehold


Ah, the joys of not owning your land.  The battles of land owners with considerably surprised tenants are an unfortunate source of income for both valuer and lawyers and, generally, for the landlord. Not so much for the tenant, caught … Continue reading

Posted in Property Law, Residential property, Subdivisions, Unit Titles | Tagged , , , , , , , , , , , | 3 Comments