Anti-Money Laundering Requirements
Before we start legal work for our clients, we are required to carry out Anti-Money Laundering and Countering Financing of Terrorism (“AML and CFT”) checks. We understand this can seem like an unnecessary and invasive step in engaging a lawyer. So why do we do this? Law firms are now required to complete these checks because they are significant targets for criminals to try to launder money through for the funding of terrorism and other illegal activities. How do we do this?
Purchasing a House? We have your pre-settlement checklist
Before settlement, do a thorough inspection and checklist: test lights, doors and locks, taps and hot water, vents, drainage and fencing. Check all chattels listed in the agreement are present and working. Confirm any agreed repairs are completed, and clear belongings or rubbish before settlement to avoid issues later.
Commercial Leases – what you need to know…
Are you leasing the premises from which you run your business? The Landlord may require you to enter into a commercial lease recording the terms on which the premises are leased. Typically the following details are included in a commercial lease: The name of the landlord and the tenant. The name of the guarantor. The landlord may require you to personally guarantee the lease. A description of the premises to be leased. Whether car parks are included in the lease. The ter
Residential vs. Commercial Tenancies in New Zealand: A Guide for Landlords
Tenancies in New Zealand typically fall into two categories - residential or commercial. It is important for a landlord to understand the difference between the two. A residential tenancy refers to a tenancy where a property is being rented to live in. Residential tenancies are governed by the Residential Tenancies Act 1986 (“RTA”). The terms of a residential tenancy are ideally recorded in a Residential Tenancy Agreement signed by the landlord and tenant. In contrast, a co