Intervention in commercial leases 'fraught with difficulties'

Fri, 05 Jun 2020

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...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Property

Company behind 120-unit QT development faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 5:00am

Markets

KiwiSaver shakeup in capital markets reform

Listing costs may also be reduced if new plans ago ahead.

Victoria Young 5:00am

KiwiSaver shakeup in capital markets reform

Infrastructure

Protest vote against Tony Gibson

The former Port of Auckland boss was reappointed to Marsden Maritime Holdings.

Oliver Lewis 5:00am

Sponsored

Why Kiwis are embracing Bitcoin ETFs

The once hard-to-access investment option is becoming mainstream.

Smart

Sponsored

Boost worker health, boost results

Research shows flexible workspaces improve health and productivity

Regus

More Property

Property

Company behind 120-unit QT development faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 5:00am

Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024