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Land Transfer Act

This category contains 3 posts

My house? Your house?

Much is said of late about the “bank of Mum and Dad” in the context of parents helping children into their first home.  However, with the passage of time positions can change as to whether sums advanced were loans or gifts and how much has been re-paid.  When Mum or Dad is elderly questions can … Continue reading

A cleft in the armour of joint ownership?

When two people own a property jointly, what is legally referred to as being joint tenants (as distinct from tenants in common, where each party owns only a set percentage of an asset), and where one of the two joint owner dies, the survivor inherits the interest of the other joint tenant. There is no … Continue reading

Once there were ten, now there are six – but the trust argument is avoided

Land owned by ten different owners as tenants in common was sold to a buyer who was required to apply for resource consents to subdivide the property and to obtain new titles. There was a dispute and following a settlement conference Harrison J ordered that on titles being issued the owners were to transfer one … Continue reading

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