Property Management

Property problems: Wording of lease the key to brothel tenancy

Q. My family trust owns a property in central Auckland. One of the tenants (who has used a floor for his offices) is leaving for new premises and has told me he will be assigning his lease.

Monday, January 26th 2004

I have learned who he is negotiating with and from my inquiries have good reason to believe that party proposes to establish a massage parlour in the building.

This horrifies me (and more particularly, my wife and children). Can I stop this happening?

A. You have raised a very interesting issue. This has become more relevant to many landlords and tenants given the recent legalisation of prostitution (since most leases would prohibit a tenant from carrying out illegal activities within the premises).

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
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Westpac Special 6.39
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ICBC 6.49
SBS Bank Special 6.55
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BNZ - Classic 6.55
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ASB Bank 6.55
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ANZ Blueprint to Build 7.39
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ICBC 7.85
Heartland Bank - Online 7.99
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Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
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