LIM Reports and Property Files

What is the difference?

If you are considering buying a property, you should carry out due diligence to assess its overall suitability for you and, amongst other things, to ensure all consents have been issued. Two sources of information are the Land Information Memorandum (LIM) and the property file held by local councils. We explain the differences between each. Read more…

The Privacy Commissioner has expressed concern that landlords are compiling and sharing information via Facebook to blacklist unwanted tenants. This is in breach of a tenant's right to privacy. Read more…

The second stage of the three-phase Residential Tenancies Amendment Act 2020 came into force on 11 February 2021. Read more…

Is Your Property Fully Insured?

There are potential insurance risks for properties that have shared areas, for example multi-storey town houses, semi-detached homes which share a party wall, and cross lease properties which have carports, the Insurance Council of New Zealand has warned. Read more…

Reverse Mortgages

Increasing in popularity

The current combination of increasing living costs, rising house prices and low interest rates has seen more than property-seekers signing up to home loans. On the other side of the coin, some older homeowners are seeking 'reverse mortgages' from their lenders in order to release the growing equity in their property. Read more…

Rent Review in Commercial Leases

A variety of clauses to suit different situations

Negotiating commercial leases can involve a significant amount of crystal ball gazing – particularly when some leases can last decades. As recent times have shown, the landscape at the start of a lease can be miles away from the situation at the end of the lease. Read more…

Downie Stewart Lawyers Dunedin 8th Level, 265 Princes St, Dunedin, 9016 03-477 2263
PO Box 1345, Dunedin 9054 |  Fax: 03 477 4021  |  E: info@downiestewart.co.nz