In our experience, they are sometimes agreed to as an afterthought when the primary agreement terms have already been negotiated in detail and are just as quickly forgotten when the dust has settled.A contract of guarantee (Guarantee) is a contract under which a person (Guarantor) agrees to answer to another person (Obligee) for the debt default or liability of a third person (Obligor). A Guarantor does not directly undertake the obligations of the Obligor. The Guarantor assumes liability only when ...

Following the 4 September 2019 press release, the Government has announced new initiatives to help more New Zealanders into homes. These new initiatives will be achieved through what the Government is calling a “KiwiBuild Reset”.At a glance, this KiwiBuild reset includes:new ways for people to become home owners, such as shared home ownership schemes a name change for the KiwiSaver HomeStart Grant: it will now be called the First Home Grant deposits being reduced to 5% for new and existing homes the First ...

Part Two of our Residential Tenancies Act Update considers a number of further changes to the Act, which took effect from 27 August 2019.Tenant Liability for DamageWhere a tenant carelessly causes damage to the premises, the tenant’s liability for that damage is limited to a maximum of four weeks’ rent or the insurance excess (if the landlord is insured) whichever is the lesser. However, where the tenant damages the premises intentionally or through an act or omission that constitutes an ...

Glaister Ennor has elevated two high-performing senior associates to its partnership. Mitch Singh and Chen Jiang have been appointed as new partners in the firm’s litigation and disputes resolution team. Glaister Ennor now has 15 partners and over 60 staff in its CBD Auckland offices. Senior litigation partner, Paul McKendrick commented, “both Mitch and Chen have extensive litigation experience and deliver excellent results for clients. They form a key part of our growing litigation and disputes practice, which provides strategic and ...