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Kristine King: A 101 on Rent-to-Buy

Rent to buy can be an option to purchase a home when you are not in a position to borrow from a bank and purchase on the open market. However, there are several issues that vendors and purchasers should consider. Securing the Purchaser’s Occupancy The purchaser has a beneficial interest in the property, which gives them a right to caveat the title to the propert...
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What does it take for your rental to be 'safe and healthy'?

Most of us are fully aware that one of the hallmark obligations of being a landlord is to provide our tenants with a safe and healthy home. However, there isn't a lot of instructive authority beyond the wordings of s45 of the Residential Tenancies Act. Amongst other things, s45 requires landlords to: ... (b) provide and maintain the premises in a reasonable state of repair having re...
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Failure to lodge bond is no joke

54 Tribunal orders amounting to $38,713.76 in exemplary damages and costs against an Invercargill landlord are reasons enough for all of us refresh our understanding of landlords’ bond duties. After an exhaustive investigation by the Tenancy Compliance and Investigations Team, the Chief Executive of the Ministry of Business Innovation and Employment brought 54 Tribunal applications ...
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{{name}} - APIA Auckland Property Investors

Conveyancing Q&A - Long settlements

In this week's Conveyancing Q&A, Hilary Jenkins covers issues relating to long settlements. I am negotiating on a property where the vendor is asking for a long settlement (12 months) for selling at below market value. I don’t mind the long settlement but anything can happen in the next 12 months that can significantly change the deal for me. What are some of...
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{{name}} - APIA Auckland Property Investors

Conveyancing Q&A - Vendor demands more money before settlement

In this week's Conveyancing Q&A, Hilary Jenkins talks about property sharing agreements. I am about to settle on a house. The agreement is now unconditional. The vendor is leaving the country immediately after settlement and has now told my solicitor that unless I pay an extra $7,000 to purchase all the chattels off her she will instruct her solicitor not to settle. D...
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