A recent decision of the High Court has given a strong indication of potential personal liability for Body Corporate Committee members when acting in respect to their obligations to the Body Corporate under the Unit Titles Act. This would mean that the Committee members could not hide behind the Body […] Read More›
Property
The majority of business owners in New Zealand lease the premises they operate their business from. As commercial tenants you need to be aware of your rights and obligations in exercising a right of renewal under an existing lease or when entering into negotiations for a new lease. Rights of […] Read More›
Farry and Co have been successful in obtaining an important Judgment from the Court, which has clarified the distinction between residential tenancies and boarding house tenancies. His Honour Judge Crosbie in Cutlers Limited v Olivia Thompson CIV 2013-012-000410 delivered a Judgment which has sent a clear message to Tenancy Tribunals […] Read More›
Changes have been made to the tax treatment of lump sum payments under leases such as lease inducement payments and payments made for surrender of a lease. The IRD has looked to rationalise the tax treatment of these various payments to avoid the situations where in some instances the payments […] Read More›