Thursday 26th March was the start of New Zealand’s move to Alert Level 4 lockdown, with the Government asking all New Zealanders to stay at home. But what happens if “home” is a rental property? The Residential Tenancies Act 1986 (RTA) Under Covid-19 Response (Urgent Management Measures) Legislation Act 2020 came about to clarify the…
This article was co-authored by Richard Hoare and Ryan McMaster. As we enter yet another week of lockdown, some company directors may find themselves casting a nervous eye over their most recent cashflow forecasts and balance sheet and questioning whether there is enough cash to pay all debts as they fall due or whether continuing…
What a chaotic and stressful end to the financial year it has been. Sharp Tudhope care about the health and safety of our clients, staff and community and we are hopeful you are all managing to stay sane and safe, wherever you are. Our team remains fully operational, via home offices, and available to help…
With the Covid-19 Level 4 lockdown now in place, we’re receiving queries from both commercial property landlords and tenants seeking to clarify their obligations during this unprecedented event. There is no “one size fits all” answer, and this will depend on the wording of your particular lease. For those with leases using the Auckland District…
Coronavirus (COVID-19), or more specifically, the emergency measures put in place to prevent its spread, is impacting the global economy. Travel restrictions, office and factory closures, and government enforced quarantine requirements have seen substantial business and operational disruptions across the world, and New Zealand is no exception. At a contractual level, the disruption caused by…