New rules on acquisitions and short-term rentals in owner-section

New Owners Section Act came into force on January 1, 2018 and has importance for, among other things, builders and section owners when an owner-section joint venture shall be established and on subsequent operation of the condominium. One of the changes is that the sectioning time has become moved from startup permission to frame permission. Furthermore, have The Storting looked at the...Read More

Change of control, clauses in contracts

The starting point is that the tenant is free to transport the lease to another legal entity. Often, however, leases contain so-called change of control clauses, which limit the tenant’s room for maneuver additional. How important are such clauses? Standard rental contracts for commercial property leases are being built on the right of return and, like the right of right, says that the...Read More

Housing developer’s risk with contracting

Property development can be contractually organized in several ways. A common way is that the developer (builder) enters into a contract contractor according to NS 8407 for contracting and NS 8405 for contracting, and that the contractor himself enters into contracts with subcontractors for the subjects that the contractor himself does not cover. Furthermore, the client will normally enter...Read More

Building limits

Building boundariesBuilding of a building and other durable structures and structures can create building boundaries. The main rule under the Planning and Building Act is that all buildings that are to be erected must have a distance from the neighboring boundary that corresponds at least to the building’s half height, and not less than four meters. This is primarily justified by fire...Read More

Who is at risk for basic conditions?

Construction of new buildings or facilities requires ground work. Often, the basic conditions present unexpected challenges, and this can have major consequences for both the progress of the project and the costs. Typical challenges are that contaminated masses must be uncovered that must be deposited, land that must be blasted and major mass replacements that must be made. Since the...Read More