Tag Archives: real estate

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

Posted on June 2, 2011 by Ivan McIntosh

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

Just in case some tardy Cantabrians should happen by…

Posted on May 23, 2011 by Ivan McIntosh

You’ve got till the end of today (Monday the 23rd of May 2011) to get claims into the Earthquake Commission for property & contents lost due to the 22 Feb quake. For details generally, see the NZ Herald report here. … Continue reading →

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Court upholds council pest rules

Posted on May 16, 2011 by Ivan McIntosh

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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The Joys of Leasehold

Posted on April 26, 2011 by Ivan McIntosh

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

Building Consents stay in the doldrums…

Posted on April 1, 2011 by Ivan McIntosh

Bob Dey has been checking the building consent numbers and notes that we have now experienced three months of less than 1,000 consents per month. We do expect that will inevitably pick up once Christchurch demolitions & consents pick up, … Continue reading →

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Another chapter in the sorry Blue Chip saga…

Posted on March 29, 2011 by Ivan McIntosh

The Court of Appeal has released its judgement in the appeal by investors against a High Court finding that they did not validly cancel agreements for sale and purchase that they had entered into with developers of apartments. Now, lest … Continue reading →

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The end of the LAQC approaches…

Posted on March 15, 2011 by Ivan McIntosh

A subject dear to the heart of all clients with residential property investments is the LAQC, otherwise known as the Loss Attributing Qualifying Company; a very useful device which allowed an LAQC’s profits to be taxed at the corporate rate, … Continue reading →

Posted in Property Law, Residential property, Tax Law | Tagged , , , , , | 1 Comment

An addendum to “Property Market Stabilising?”

Posted on February 14, 2011 by Ivan McIntosh

Ok, so while Barfoot and Thompson recorded sales pretty much identical for Jan 2011 compared to Jan 2010, the same does not seem to have been the case for the whole of New Zealand.

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Property market stabilising?

Posted on February 10, 2011 by Ivan McIntosh

Barfoot & Thompson stats for January show that, although the 12 months to Jan 2011 was well down on the 12 months to Jan 2010, the number of sales (583 to 563) and value of those sales ($290M to $294M) … Continue reading →

Posted in Property Law | Tagged | 1 Comment

Surely they have to fix that?

Posted on February 8, 2011 by Ivan McIntosh

Not necessarily.  So be very, very nice to them when you ask them to fix it. What am I talking about?  Chattels.  Things sold to you with the house that aren’t an integral part of the building (this is simplistic, … Continue reading →

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