COVID-19, lockdown and your commercial lease - What's the go?
As of midnight, on Wednesday 25th March, an unprecedented number of NZ businesses were not able to access their business premises due to Government restrictions to prevent the spread of Covid-19. If your lease is on the current (sixth) edition of the Auckland District Law Society (ADLS) form of lease, it is likely to contain a “no access” clause allowing for a reduction in rent where there is an emergency and the tenant can’t gain access to the premises to fully conduct the
Residential vs. Commercial Tenancies in New Zealand: A Guide for Landlords
Tenancies in New Zealand typically fall into two categories - residential or commercial. It is important for a landlord to understand the difference between the two. A residential tenancy refers to a tenancy where a property is being rented to live in. Residential tenancies are governed by the Residential Tenancies Act 1986 (“RTA”). The terms of a residential tenancy are ideally recorded in a Residential Tenancy Agreement signed by the landlord and tenant. In contrast, a co