We act on a variety of commercial property transactions. Are you buying or selling commercial property? Are you subdividing or developing commercial property? We are happy to assist.
Types of commercial property, subdivision and development work we do:
- Sale and Purchase of Commercial Properties (retail, industrial and commercial)
- Commercial leases (Agreements to lease, Deeds of Lease, Assignments/Sub-leases, Renewals & Variations)
- Subdivisions – Greenfield (all aspects including: vendor finance, bonds, restrictive covenants, maintenance covenants, prepare other interests on the title, review survey plans & resource consents for 223/224c, registration of titles)
- Residential and Commercial Unit title developements
Here is an example of a greenfield subdivision we did:
- The beneficiaries of an estate saw an opportunity with zoning laws changing to do a greenfields subdivision of a previously farm area in Whitford.
- We came on board after the subdivision consent had been obtained. By this stage, a few sections in the subdivision had been sold. We initially assigned these pre-sales over to our client’s development company.
- We advised on obtaining developer finance including various securities required by the bank.
- We advised around bonds: bond for head contractor (and assigning interest to mortgagee); bond for completion of planting & maintenance in ecological areas
- We drafted:
- Maintenance covenants (internal roads and systems) with criteria for how owners of the subdivided lots make decisions (unincorporated society),
- Restrictive covenants re building & using the lots
- Various easements
- Liaised with surveyor about survey plan
- Applied for legal titles with LINZ
- Completed conveyancing and settlements of all subdivision sections
