Mackenzie Elvin
Barristers & Solicitors
44 Brown Street
PO Box 14016
Tauranga
PH: (07) 578 5033
FAX: (07) 578 9514
| Leaky Homes Advice |
| Wednesday, 07 April 2010 00:00 |
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The New Zealand government estimates nearly 90% of all apartments, monolithic homes and multi unit homes built between 1992 and 2005 will leak badly. If you're buying or selling you need to be aware of legal issues affecting leaky homes. Currently the law states that if any building works requiring building consent were carried out while the seller owned the property, then the seller provides a warranty that those works were completed in accordance with the Building Code. This includes a warranty that the house doesn't leak, regardless of how much time has elapsed since the work was completed. In addition, if a private certifier issued the Building Consent and the Code of Compliance then a seller is unable to pass on any of the repair costs (which are regularly $200,000 to $300,000) to the local council. Prior to signing an agreement for sale and purchase get in touch with us and make sure you are fully protected. Call 578 5033 and ask for Marcus Wilkins.
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Latest Topical Issues
Changes to Gift Duty affect anyone dealing with a trust If you currently do business with or provide credit to a trust, the abolition of gift duty may mean that the security provided by the trustees may not be as accessible as before. |
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Residential Care Subsidy Considerations Although gift duty has been repealed, there has been no change to the Social Security (Long Term Residential Care) Regulations 2005 which sets out the means testing of income and assets for the purposes of the Residential Care Subsidy. |
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The new regime for Unit Titles The Unit Titles Act 2010 came into force in June 2010, replacing its predecessor the Unit Titles Act 1972. |
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Thinking about selling your Property by Auction or by Tender? |
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The new Immigration Act 2009 came into effect on 29 November 2010. For those of you who employ foreign nationals, there are two major implications |
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Topical Issues Leaky Homes Advice
