Property Law: Legislation Update and Changes
Ensure you’re up to date with the 3 biggest legislative property reforms that are either before parliament or expected to commence before the end of 2018, and the latest cases and updates, all examined in this rigorous half day program.
Description
Attend and earn 3 CPD hours
This seminar was recorded in NZ on 26 October 2018
1.45pm to 2.30pm: Land Transfer Act 2017
The new Act is expected to commence in November 2018. It modernises, reforms and replaces the Land Transfer Act 1952, relating to land transactions and registration. This session will provide you not only with an overview of the key changes but more importantly what they mean in practice for you.
Presented by Thomas Gibbons, Director, McCaw Lewis Limited
2.35pm to 3.20pm: Changes to the Rules on Overseas Investment in Residential Property
Analyse the proposed changes to, and the implication of, the Overseas Investment Act that are intended to end foreign speculation in the local housing market and relieve the housing affordability crisis. Emplore key issues including:
- The definition of ‘residential land’
- The consequences for breach
- Why the fuss: will the new rules see any real change?
- Pathways available to foreigners who wish to buy residential property in New Zealand
Presented by Amanda Spratt, Senior Associate, MinterEllisonRuddWatts
3.25pm to 4.10pm: Tenancy Law Reform
- Tenant liability for damage
- Unlawful premises
- Meth contamination
- Insulation
- Rental warrants of fitness
- Tenancy protection
Presented by Alan Henwood, Director, Stephens Law
4.15pm to 5.00pm: Update on the Unit Titles Act
- The Uptown decision:
- The cost allocation of fire defects in Unit Title developments
- Issues on appeal (the Court of Appeal decision pending)
- The decision on Appeal to the High Court in Sebel:
- Implications for the allocation of unit property costs
- Ground rent review issues for Bodies Corporate and the long term sustainability of these developments
Presented by Jeanne Heatlie, Partner, Rainey Law
Learning Objectives
- Stay up to date with proposed reformed to tenancy law
- Ensure you’re across the reforms to the Transfer of Land Act 2017
- Explore the key issues relating to the Overseas Investment Act
- Keep abreast of recent relevant Unit Title Act case law and developments