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Property Management

Firms demand leases that exclude students

Three large businesses in Auckland have insisted on new leases including a clause which bans the landlord from filling their building with students, says a real estate consultant.

Tuesday, July 15th 2003

A fourth firm is still deciding what to do.

Jones Lang LaSalle corporate solutions regional director John Cameron said more office tenants were requiring leases that exclude students who, he said, were unpopular with many office workers.

The firm was helping three tenants - Australian software conglomerate Solution 6, Allied Foods in South Auckland and agency Young & Rubicam in Parnell - with lease student-exclusion clauses.

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