Insurance - Landlord & Tenant Obligations
Note: This ruling was subsequently successfully appealed. See details here
Picture this: You have worked hard and saved for ten years. You have built up enough equity to purchase a rental property (they are paying for themselves at the moment, so why wouldn’t you?) You arrange for tenants to move in and all seems well. That is, until the tenants leave and you discover they’ve trashed the place. Until recently you would have been able to claim the cost of repair of this damage from the Tenant under the Residential Tenancies Act 1986. However, this position has recently changed.
Property Investment - LVR Changes
From 1 October 2016 the new investor loan to value (LVR) restrictions will take effect for registered banks. However banks have already been applying the restrictions unless you had pre-approval prior to the restrictions being announced.
Home-buyers: Making an offer
The news is full of first home buyers being priced out of the Auckland property market. The Invercargill market over the last few months has been buoyant. We’ve had clients miss out on a property when multiple offers were presented.
A Thorny Issue
Overgrown and messy trees can be the source of unwanted neighbourly friction. If your neighbour has overgrown trees interfering with your views or sunlight, or even dropping leaves onto your section, you do have rights, but you need to tread carefully.
Property Pointers - Selling your property
So you are looking at selling your property. Below are some things to consider.
