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 6.55
SBS FirstHome Combo 6.74
Heartland Bank - Online 6.89
Wairarapa Building Society 6.95
TSB Special 6.99
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
ANZ Special 7.14
SBS Bank Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.55
SBS Bank Special 6.69
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
ASB Bank 6.75
Unity 6.79
Co-operative Bank - Owner Occ 6.79
SBS Bank Special 6.19
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
SBS Bank 6.79
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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