Keep up to date with articles from our team.
COVID-19: Buying or Selling a tenanted property? Tenancy changes will impact you! - 23 April 2020
COVID-19 has rocked the country over the last few weeks, and its repercussions will be felt for months, if not years to come. Undoubtedly, every New Zealander has been impacted in some way.
As part of the Government’s response to COVID-19, rent increases and termination of residential tenancies have now been prohibited.
This may cause potentially serious, and presumably unintended consequences for a Landlord in the process of selling a tenanted property, and the buyer purchasing it.
Covid-19 Alert Level 3 - 17 April 2020
Covid-19 has presented challenges never faced by small and medium sized businesses in New Zealand with most businesses having to close their doors or reduce operations for at least four weeks. Fortunately there is light at the end of the tunnel with a move to Alert Level 3 on the horizon. While a reduction to Level 3 doesn’t equal business as usual, it does reduce some of the restrictions that businesses have been faced with of late. This article considers what the landscape looks like for small and medium businesses at Level 3.
Covid-19 Companies Act Changes – Government Announces Proposed Insolvency Relief Measures For Companies Affected By COVID-19 - 16 April 2020
On Friday, 3 April 2020, the Government announced a number of temporary changes to the Companies Act to assist businesses facing insolvency due to COVID-19. The aim of these temporary changes is to ensure that businesses stay afloat during these times, to manage company debt coming out of the COVID-19 restrictions, and to retain as many jobs as possible for New Zealanders.
Summary Of Covid-19 Employment Issues - 16 April 2020
Many employers are unsure how to manage their employees during COVID-19 Alert Level 4. This summary outlines the COVID-19 modified Wage Subsidy Scheme, provides answers to commonly asked questions, outlines the Essential Workers Leave Scheme, and provides information on managing and amending Employment Agreements.
This summary is based on the guidelines published as at 16 April 2020. We are continuing to monitor updates or changes to the Government’s guidelines and any new forms of assistance that become available and will update this article accordingly.
Commercial Tenants' rights during the Covid-19 Level 4 Lockdown - 16 April 2020
With New Zealand now well and truly in lockdown, a number of our commercial landlords and tenants have asked whether a tenant has the contractual right to stop, or at least reduce, rental payments and outgoings. That is an interesting question and largely depends on the terms of your lease agreement.