The government has advised that the current law in this area relating to retentions will be changed. A retention is a portion of the contract price withheld by the developer or main contractor until the sub contractor has completed all the required works including completing any repairs or defects. The […] Read More›
As the number of new building consents edge back to 2007 levels, many home buyers are resorting to purchasing their home “off the plan” or as a “house and land package” given the relatively low supply of existing houses for sale. This may have contributed to the competitive behaviour of […] Read More›
Most experienced real estate agents will recall some of the practical difficulties arising from the Real Estate Agents Disciplinary Tribunal’s decision in LB and QB v The Real Estate Agents’ Authority & Li (2011). This case involved a land covenant that had been registered on the title, which prohibited the […] Read More›
We are often asked the question whether all Director’s need to be signatories to a contract. More often than not in our hectic daily lives companies who have more than one Director find it difficult to get those people all together for signing. This usually leads to delays in getting […] Read More›