Subscribe today - find out more
Why you should consider BusinessDesk
Law & Regulation

Epidemic lease clause a 'kick in the teeth'

Brent Melville
Tue, 28 Sep 2021

Epidemic lease clause a 'kick in the teeth'
Justice minister Kris Faafoi says 'fair proportion' leases are needed. (Image: BusinessDesk)
Brent Melville
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Primary Sector
Fewer cows produced more milk
Rebecca Howard | Thu, 02 Dec 2021

Average production per cow hit a record high while the herd shrank slightly. 

Markets
Morningstar picks Spark as omicron refuge
Dan Brunskill | Thu, 02 Dec 2021

Spark’s share price spiked more than 5% early this week as investors reacted to news of the variant, but it had been trending down, sliding more than 10% in the past three months.

Law & Regulation
A crackdown on all your houses: no blind eye to poor privacy practices
Michael Andrew | Thu, 02 Dec 2021

The first year of the new privacy act saw the privacy commissioner flex his powers, publicly rebuking the Reserve Bank. We can expect to see more of the same in 2022, legal watchers say.

Sponsored
Statutory reform can deliver momentum to land transport decarbonisation

To met the government's ambitious net carbon zero target, New Zealanders need to reduce their reliance on cars.

Sponsored
Mansons leads with 120% carbon offset for new builds

Mansons TCLM is committing to a benchmark of 120% carbon offset for new buildings.