Property Management

Property problems: Vacating tenant's obligations blast from past

Q. My company is the tenant of several floors of a multilevel office block. Our lease is old and has been running for 15 years already.

Tuesday, October 21st 2003

My company is not the original tenant but took an assignment of the lease several years ago. The lease expires shortly and the landlord says I must reinstate the premises to the condition they were in at the beginning of the lease.

It seems unfair that my company has to pay to completely reinstate the premises when it has been in possession for only five of the 15 years the lease has run. What are my obligations?

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Unity First Home Buyer special	3.95
SBS FirstHome Combo	3.99
ICBC	4.49
Kiwibank Special	4.49
SBS Bank Special	4.49
Co-operative Bank - First Home Special	4.55
TSB Special	4.59
Kainga Ora	4.59
Unity Special	4.59
BNZ - Std	4.65
Co-operative Bank - Owner Occ	4.65

ICBC	4.89
Kiwibank Special	4.89
China Construction Bank	4.95
Kainga Ora	4.95
SBS Bank Special	5.09
Unity Special	5.09
Nelson Building Society	5.09
BNZ - Std	5.09
Westpac Special	5.19
TSB Special	5.19
ASB Bank	5.25

Westpac Special	5.59
ICBC	5.65
Kainga Ora	5.69
SBS Bank Special	5.69
TSB Special	5.79
BNZ - Std	5.79
Kiwibank Special	5.79
Co-operative Bank - Owner Occ	5.89
ASB Bank	5.89
AIA - Go Home Loans	5.89
China Construction Bank	5.99

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.65
Kiwibank Special	5.65
Kiwibank	5.65

Property Management

Property problems: Vacating tenant's obligations blast from past

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