Articles Related to Property and Construction

REINZ/ADLS Agreement for Sale and Purchase – Update 2019
Banking on pulling out of purchasing a property? Not so fast!
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A lifeline for the construction industry? New procurement rules announced

New Zealand’s construction industry is growing rapidly. In recent years, the industry has used a ‘lowest price model’ approach when awarding construction projects. This has led construction companies to cut costs and under cut each other to secure tenders.

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Subbies suck it up again?
On 5 September, Auckland and Waikato-based Stanley Group/Tallwood became the latest in a long line of construction companies to go to the wall.  Initial estimates put the amount owed to creditors at $5 million, with individual subcontractors reportedly owed up to $600,000.
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High Court exercises jurisdiction to award non-party costs
A recent decision in the High Court in the case of Minister of Education v H Construction North Island Ltd (in rec and liq) has seen a parent company, uninvolved as a party to the legal proceedings, be ordered to pay non-party costs of over a million dollars.
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Law changes for rental properties
From 1 July 2019, several significant changes came into effect which impact landlords, residential tenants and property managers. 
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