At The Property Club we are here to help. It is not all about the sale hence we are property advisors as well as sales people. It is about ensuring we do the right thing, not just when we are one on one with you but at all times when we are dealing with your biggest asset.

Here are our top tips you should consider before appointing a salesperson to sell your home. 

Time…. We all given the same amount but for some there is not just enough of it to get things done properly.

And when it comes to buying property it can also be very time consuming. This is where we come in. We will take the time and stress out of buying your next property. We simplify the process 

Nomination vs Novation – what is the difference?

Written by Rebecca Clark - Solicitor (Property) Cavell Leitch Christchurch 

Nomination- How does it work?

We thought it timely to give a recap on how nominations work under the ADLS Agreement for Sale and Purchase (agreement). Under the agreement a vendor can agree to sell a property to a purchaser but that purchaser “nominates” a third party to actually settle the purchase.

Beware of land covenants which may restrict short-term letting

Written by James Leggat - Solicitor (Property) Cavel Leitch Christchurch 

Cavell Leitch’s Property Team has recently advised residents engaged in disputes over the effect of their subdivision’s land covenants. When the neighbourhood was originally subdivided, the developer placed covenants expressly forbidding the use of “temporary accommodation” for properties within the area. Tourism around this area had exploded in recent times, and the majority of these properties were benefitting from extra income through AirBnB and Bookabach. However, some of the other residents bound and having the benefit of the covenants did not support this.

Five years in, two years out - Brightline Test extension now applies

Written by Lana McCarroll - Legal Executive (Property)

Further to our article in February 2018 , the Taxation (Annual Rates for 2017-18, Employment and Investment Income, and Remedial Matters) Act received royal assent on 29 March 2018. The Act extends the bright-line test from 2 to 5 years.

Who does this legislation apply to?

This legislation applies to ALL vendors who sell their residential property within 5 years (irrelevant of the intention at the time of purchase).   For sale and purchase agreements signed after 29 March 2018, this will mean that if a vendor sells within 5 years of owning a residential property, and the property is not their main home, then they will be taxed on any gain made on the sale.