We have recently seen a number of cases where builders and other building contractors are withholding producer statements or records of building work in order to obtain leverage in dispute or non-payment situations.
Sam Cowan
If you are planning to purchase a property, whether it is residential or commercial, then it is highly recommended you carry out proper due diligence on the purchase.
The tender process is widely used in commercial property where an owner is engaging building contractors or is selling a property. Requests for tenders can create a separate process contract and this process contract has implied duties and obligations. It is important to understand these duties and obligations and also ...
In rare cases, a developer may start construction or refurbishment of a building without securing any tenants. In such cases, the developer would need to be confident in the market and have significant capital to finance the build as lenders will generally require a certain level of preleasing prior to ...
With the increasing unaffordability of housing in our main centres, many local authorities, Housing Trusts, and even public companies like Fletchers are looking at shared equity schemes as a way of bridging the gap between the market value (say $600,000) and what first time buyers can afford to pay ...
A brief overview - duties likely to affect commercial landlords and tenants
The Health and Safety at Work (Asbestos) Regulations (Regulations) provide that persons conducting a business or undertaking (PCBUs) that have management or control of a workplace must ensure that a written plan (Asbestos Management Plan) is prepared for the ...
With the increasing cost of residential property making rental returns in the short term less attractive, as well as proposed restrictions on who can buy, some investors are now looking to commercial property as an alternative.
In this article, we provide you with 5 top tips as to what you ...
There’s no doubting that over the last couple of years it has become harder to obtain bank funding to carry out property developments or to buy commercial investment properties. We understand the hurdles and can help you through the process.
If you are about to enter into a new lease, you probably have a few questions about your rights and obligations under the lease.
It is always best to approach your lawyer early in the leasing process and definitely before you sign an Agreement to Lease or a Deed of ...
There has been a lot of activity in the property syndication market in the last few years. You might have thought about investing in a property syndicate or even looked at establishing one. We give you the lowdown on what it’s all about.
For more than 25 years Cavell Leitch has shared an immensely valued working relationship with Simon Henry, one of Christchurch’s largest industrial property investors, and his Rapaki Property Group. During this time Cavell Leitch has assisted Rapaki with the acquisition, development and leasing of a number of commercial and ...
The Christchurch commercial property market experienced disruption following the Canterbury Earthquakes. Prior to the earthquakes, increasing vacancy rates and shorter lease terms evidenced what was effectively a ‘tenant’s market’. Tenancy inducements were on offer to attract quality tenants whilst rental growth and investment demand remained relatively flat.
The Fire and Emergency New Zealand Act 2017 (the Act), which came into force earlier this year, has the potential to have significant financial implications for commercial property owners, and their tenants.