Bramwell Bate News
May 8, 2019 In Bramwell Bate News By Bate Hallett

Snippets

What is the purpose of a LIM report? When purchasing a property, obtaining a Land Information Memorandum (“LIM”) report from the relevant council is strongly recommended. A LIM report provides all the documents that a council has on records for a property. Each LIM report contains different information, as some properties may be new builds, while others are just sections or older homes etc. Some examples of what could be found in a LIM report are: soil reports; whether resource consent and certificate...

Bramwell Bate Home Slider
May 8, 2019 In Bramwell Bate News By Bate Hallett

An overview of mortgagee sales

If you buy a property at a mortgagee sale, be aware that you are entering a contract that is quite different in its nature to an agreement entered into in other circumstances. The agreement is likely to be weighed heavily in the mortgagee’s favour because mortgagee sales involve factors outside of the mortgagee’s control, which it will want to protect itself from. This may include a very unwilling and impecunious owner occupier who is being forced to leave their home by...

May 8, 2019 In Bramwell Bate News By Bate Hallett

Under what circumstances should you form a Trust

There are a number of circumstances under which you should consider forming a trust. Some of the common purposes of a trust, and the structures utilised, will be discussed in this article. A trust is managed by trustees who are appointed by the creator of the trust (called the settlor(s)). Trustees manage the assets and debts of the trust for the beneficiaries specified by the settlor(s). There are several different types of trust structures that can be used. Your circumstances will determine...