The new Property Law Act 2007 repeals the Property Law Act 1952, the Contracts Enforcement Act 1956 and the Distress and Replevin Act 1908.
This new 2007 Act is aimed at improving the law around buying and selling property, mortgaging property and entering into commercial leases in New Zealand.
The 2007 Act introduces significant and important reforms,
The new Act rewrites existing property laws, making The Property Law Act 2007 including the Property Law Act 1952 and comparative tables an invaluable resource for all property and conveyancing lawyers, or anyone who deals with property on a daily basis.
The Property Law Act 2007 came into effect on 1 January 2008 and will assist in providing certainty and clarity in property dealings. It will also facilitate the resolution of disputes and reduce litigation.
The Act replaces and repeals the Property Law Act 1952, bringing the law of property into the 21st century. Many ancient English statutes are finally repealed, with the restatement, reform and codification of the law relating to real and personal property.
We provide you with a direct link to the Act . . . .
What will the changes mean in practice?
More detail can be found in the reports of the Law Commission and the Justice Electoral Committee, which together provide a comprehensive explanation of the changes. The reports can -
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