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Conveyancing Q&A - Checking LIMs

In this week's Conveyancing Q&A, Hilary Jenkins shows you how to minimise your legal fees. I am new to investing in property having only bought one property so far (my home). Should I always obtain a LIM report? What should I look out for in a LIM report for a property meant to be a rental. It is always a good idea to get a LIM for any property, regardless of why yo...
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{{name}} - APIA Auckland Property Investors

Conveyancing Q&A - No code of compliance

In this week's Conveyancing Q&A, Hilary Jenkins covers what it means when there is no code of compliance. I have signed a conditional sale and purchase agreement upon satisfaction of LIM. The LIM report shows that there is no code of compliance for an extension. Should I still go through with the sale? What does it mean for me to own a property with no CCC? It is not alw...
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{{name}} - APIA Auckland Property Investors

Monday catch up: 7 things we are keeping an eye on this week

1. Looks like the IRD will be given more resources to crack down on residential property speculators. 2. Auckland's housing crisis is by no means a unique phenomenon according to David Roberton. Much could be learnt from the Canadian experience. 3. Cracks are showing between the central government and the Auckland Council re the city's housing problems. 4. The Aussies are going to star...
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{{name}} - APIA Auckland Property Investors

Monday catch up: 7 things we are keeping an eye on this week

Prices seem to be on everyone's mind, yours, mine, the Reserve Bank's... But hey! At least in the myriad of incessant and unending stories about Auckland house prices, there are some meaningful updates on a number of policy fronts. Here are the stories that caught my eyes, take a look: 1. The on-going saga of the Reserve Bank vs Auckland housing market has entered into Act Two. Looking set...
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{{name}} - APIA Auckland Property Investors

New bylaw may mean more than just removing the fireplace

News of the Auckland Council's proposed air quality bylaw has understandably unsettled landlords who own properties that are heated by indoor wood/coal burners. This week's Ask An Expert feature explores the possible legal implications this bylaw has within the framework of the Residential Tenancies Act: Regarding the proposed bylaw to phase out pre-2005 indoor open fire burners, if it is p...
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{{name}} - APIA Auckland Property Investors

Watercare - Just What Is The Deal?

Captain Obvious says, 'We are sick and tired of paying for our tenants' water' It pretty much goes without saying that Auckland landlords are not the biggest fan of WaterCare at the moment. Instead of billing property occupiers/tenants/end users direct for water use, the baffling logic of WaterCare elects to bill property owners instead. Unfortunately in the case of residential tenancy, i...
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