Intervention in commercial leases 'fraught with difficulties'

Intervention in commercial leases 'fraught with difficulties'
Brent Melville
Retail and business property owners say the government’s plan to intervene in contractual leases will potentially do more harm than good.The government yesterday announced a $40 million package to help support small business involved with commercial rent disputes as a result of losses from the covid-19 response.But the New Zealand Council of Retail Property said the proposal has come “after the industry has largely got on with the job of coming to individually negotiated positions over recent months."Chair Campbell Barbour said...

More Property

Auckland council on the hook for $150m building claim
Property

Auckland council on the hook for $150m building claim

Justice Tracey Walker heard the case from May to October 2022.

Staff reporters 26 Mar 2024
Winton's Wynyard: for the wealthy and well-heeled
Property

Winton's Wynyard: for the wealthy and well-heeled

Big balconies take advantage of the harbour and historic quarter views. 

Brent Melville 26 Mar 2024
Funds cut payments, hive off assets to survive, until better times come
Property

Funds cut payments, hive off assets to survive, until better times come

Property syndicators forced to sell their owned properties into a buyers market.

Brent Melville 25 Mar 2024
Build-to-rent 'doesn't work', but it needs to
Property

Build-to-rent 'doesn't work', but it needs to

Institutions say it's a tough sector given regulatory and tax settings.

Brent Melville 22 Mar 2024