Epidemic lease clause a 'kick in the teeth'

Justice minister Kris Faafoi says 'fair proportion' leases are needed. (Image: BusinessDesk)

Tue, 28 Sep 2021

Property Council chief executive Leonie Freeman says the sudden decision to insert a covid interruption clause into commercial leases comes as a "kick in the teeth" for property owners.Justice minister Kris Faafoi said today he will amend the Property Law Act to require commercial leases to include a "fair proportion" of rent clause because of the impacts of covid restrictions on businesses.The measures were announced as part of the Covid-19 Response Legislation Bill introduced to Parliament and will apply to leases that don...

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