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November 2009 Newsletter
 
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November 2009 Newsletter
Home Buyers
Do you know someone buying their first home? Are you looking to acquire another property?

If so contact Catherine on 5745316 to register your interest in our upcoming seminar. We will post or email further information to you.

Our first seminar for Home Buyers is on 10 February 2010.

If you would like to know of other upcoming seminars please also contact Catherine.

 
Do you know what you are signing?
In the past it was a given that most agreements for the  sale and purchase of property would be on a ‘standard form’.  That form was the one approved by the New Zealand Law Society and Real Estate Institute.

However there is now no certainty that this is the form presented to vendors and purchasers for signing by real estate agents.
Read more...
 
Every Rose Has Its Thorn
Every Rose Has Its ThornNew Zealand’s highest appellate court, the Supreme Court, has recently delivered its decision in Rose v Rose. The case is about the classification of property. The Property (Relationships) Act 1976 (‘the Act’) defines relationship property and separate property.

Relationship property is the pool of common property and at separation it is to be divided equally, unless there are extraordinary circumstances that would make equal sharing repugnant to justice. However, Rose v Rose exemplifies how there are also pathways whereby separate property becomes relationship property.
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How to secure your debts
houselock.pngThe Personal Property Securities Register (‘the Register’) is an electronic record of any debt security interests held against any personal property (except land) owned by an individual or organisation.

In order to register a security interest over property a creditor needs to have ownership rights in the property.
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Cross Lease Ownership
Ownership of a cross lease property means you own a share of the underlying land and lease flats (or houses) to yourself and other owners for (normally) 999 years. A cross lease plan is annexed to the certificate of title and is commonly referred to as the ‘Flats Plan’.

This shows common areas, restricted areas and delineates the area of each flat.
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Do you have funds you wish to invest?
Through our NZ Law membership and the Group’s banking relationship with the National Bank, we can offer very good interest rates for funds invested through our Trust Account.

Please refer to the National Bank’s website for their usual disclosures www.nationalbank.co.nz.
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Team Update

Harvey FauxHarvey Faux

Harvey completed his law degree at Victoria University and admitted to the Bar in 1969. Having worked as a solicitor in Mt Maunganui and London then became a partner in a Whakatane law firm until 1982 when he moved to work for the Hong Kong Government for 14 years.

Harvey met and married his wife Jenny and they have two children Natasha currently at University and Nick in his final year at Auckland Grammar.
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