Settlement day is the day on which you pay the remaining balance to the vendor, and the property is transferred into your name. Settlement day is the final step in the process, and is a day to celebrate not only your new home, but also the hard work you have put in to get to that point.
There are several tasks you need to complete before settlement day. Once you know the date that you will take over the property, make a list and arrange the following as soon as you can:
Found a property and ready to make an offer?
Now that you have found a suitable property, your next step is to make an offer to the vendor. If a real estate agent is involved, you will make your offer through the agent, who will present it to the vendor.
In the current market, many property sales are advertised with an asking price, price by negotiation or by deadline sale. This article relates to these methods of sale, where you make an offer to the vendor. Properties sold by other methods such as auction or tender will follow a slightly different process. It is best to speak to your lawyer if you are looking to purchase at auction or by tender, and they will be able to discuss the process with you.
Here's a look at the key points from yesterday's Wellbeing Budget. The key areas of spending are in Health, Housing, Education, Māori, Equity finance for SMEs, Income Insurance, Cost of living and other Allocations. Have a read of our breakdown.
The Employment Relations Act 2000 (the Act) in relation to employment agreements - what does it cover, what needs to be in them and how you can best protect yourself and your staff.
First, the agreement must be in writing. Why? Well, it provides an employer with the opportunity to clearly communicate their expectations to an employee. An effective agreement will also include a job description which provides the first step in setting effective performance standards and management.
The need for a written employment agreement applies to all staff, from permanent full-time through to casual (including relief milkers). Independent contractors such as variable order and 50/50 sharemilkers, or agricultural contractors are not covered by the Act, although we still recommend that you have written contractor agreements with them also.
Have you recently become a shareholder in a company? Do you know what that means to you – what your obligations and responsibilities are?
In general, a closely held company is one with only a limited number of shareholders. These are private companies, meaning the shares do not trade publicly.
Holding shares in a company can be exciting and also rewarding, both financially and in terms of your involvement with the business. All companies are ultimately owned by their shareholders. Another words, as a shareholder you are an investor in that company. When you have shares in a company, you own a piece of that business. Under New Zealand law, being a shareholder gives you a number of rights and some degree of control over the company.
Some of the Hamertons team from visited James Street School this month, were welcomed with a pōwhiri and saw the play 'Duffy in Trouble'. The play is set in a COVID-19 lock-down in Aotearoa and is designed to be a light-hearted reflection on a pretty trying time for Duffy kids, with reading and books at the forefront. This year the Duffy kids also get to see all that goes into creating a play!
Have you heard about Wai Mānuka? Let us catch you up. The New Zealand Mānuka honey beverage journey started only a brief time ago - New Year’s Eve 2019 in fact. In light of the occasion, the 3 Māori Boys had the idea of creating a healthy, non-alcoholic beverage they could proudly take to social events and share with whānau and friends.
3 Māori Boys Limited are mates, Lance, Wayne and Joe. Their goal is to take the finest of New Zealand, Aotearoa and offer it to the world.
Many clients who are involved in parenting disputes will often need advice regarding guardianship decisions. These types of disputes are different from disagreements involving the care and contact arrangements for children and are instead related to the important decisions about children.
The Criminal Records (Clean Slate) Act (Clean Slate Act) came into force in New Zealand in November 2004 and relates to a person’s criminal conviction history. The clean slate scheme allows some people the right to withhold information about their criminal convictions. If it applies, it means that when asked about a criminal record, the person can say they have no criminal record.
A ‘Criminal Record’ covers any past criminal and traffic convictions.
Where to look and how to know if a house is right for you.
You have finance pre-approval in place, you have KiwiSaver withdrawal pre-approval and you have looked into getting a Kainga Ora grant - how do you find a property to purchase.
The Directors of Hamertons Lawyers are proud to announce the promotion of Michael O’Hagan to Director as of the 1 April 2022.
Michael’s appointment adds to the depth and breadth of the skillset amongst the leadership team and with Michael’s outstanding technical skills in the law, the community is in safe hands with him representing it.
Buying or selling a kiwifruit orchard is a significant transaction and it is important that you obtain the right legal, accounting and industry advice, and carry out comprehensive due diligence before proceeding.
Before you start searching for a property, there are a few important things to have in place. This way when you find a property you love, you can move quickly to secure it.
Dairy Women’s Network has a new supporter in Hamertons Lawyers, a full-service legal practice serving Whakatane and the surrounding rural communities.
The new partnership will see dairy farming businesses around the country benefit from advice and grassroots knowledge in the areas of Agribusiness, Property, Succession Planning, Employment and Family Law, with Hamertons’ expertise shared through blogs and quarterly webinars.
One of the many specialities of legal work that falls under our litigation service is Youth Law.
We work with youth from all over the Eastern Bay of Plenty who need representation in both the Family Court and Youth Court. It’s a rather sensitive situation but if you feel that you need to chat to someone regarding your child/ren we are here to help.