What is a shareholders agreement? A shareholders’ agreement is a confidential agreement between the shareholders in a company that dictates the relationship between the shareholders and the company, and between the shareholders as individuals. There is no legal...
Building Contracts: Some key considerations As more Kiwis return home a lot of us are looking to build or renovate our houses. Many are also looking at or entering into the property development market and building spec houses to generate income. These undertakings...
What happens when the in-laws insist their gift should be repaid? Here is a scenario that we are seeing a little more of lately: With the way property prices are increasing quite often one partners parents give money to assist with the purchase of property. Quite...
Generally speaking at the end of a marriage, civil union or de facto relationship which qualifies under the Property Relationships Act (“the Act”), the Act states that all relationship property including the family home (regardless of how or when it was purchased)...
The Trusts Act 2019 will come into force on 31 January 2021. The new Act replaces the Trusts Act 1956 and applies to all existing and new trusts in New Zealand. Many New Zealand trusts were created by “mum and dad” settlors who appointed themselves as trustees...
When a person moves into a retirement village, they are usually only paying for a right to occupy a particular unit, and can be surprised to learn they will not be the owner of the dwelling itself or the land it sits on. Although retirement villages have various ways...
