No access and Covid 19

2 April 2020 The “no access” clause came about because of the Christchurch earthquakes. Tenants in the red-zone under ADLS leases were not entitled to rent relief when they could not access their properties where there was no physical damage. The market responded. The ADLS deed of lease was updated and a no access clause…

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Covid 19 and Property Settlements

2 April 2020 As we enter week 2 of lockdown, issues are starting to emerge around property settlements.  On a NZLS webinar this morning it was noted there are thought to be 5800 settlements impacted. A number of settlements are delayed until we return to Covid-19 Level 2, or 3.  A number of settlements have…

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