Lower commercial rents says Greens

[donna]

Reforms to lower commercial rents - to fill empty shops says Greens.

Umm - that's not going to do it! The way consumers shop has changed and it's never going back!

Shopping local in your village is still a thing as is online shopping. Travelling into cities, paying to get...

[Luggagethecat]

Good Afternoon folks,

Thank you very much for your time.

My wife and I are looking at a commercial property investment, I have found it a little hard to get some good information on the pitfalls, things to be aware of, responsibilities, plus's/minus, insurance concerns etc...

[Haj]

We purchased a commercial property a year ago which we intend to build on to increase the revenue.

At present the income is well below the GST threshold of $60K.

When we purchased we set up a Ltd company to buy it with my husband and I being equal shareholders. This meant we...

[Merlot Mike]

Hi all, my tenants 2 year lease is coming up for renewal shortly - can anyone tell me how much market rent for South Auckland small industrial has increased over that 2 year period? I was thinking about increasing it by around 5%. He's good tenant so I don't want to scare him off

[unleashedpainting]

Commercial painting contractors may face various difficulties in their line of work, including:

1. Competition: The commercial painting industry can be highly competitive, with many contractors vying for the same projects. Standing out among competitors and winning bids can be challenging.
2. Seasonal

...

[herme]

My tenant has a buyer for her business and her lease had expired. We were in the process of setting up a new lease as she realised she needs that to sell the business
The agent selling her business has told me I pay a commission on the lease with the new business purchaser
My position is...

[donna]

It's here, it's gone, it's here and now it's soon to be gone again.....if Labour gets in. Goodbye depreciation...



That was back in 2020 - and it's only been 3 years, and now it wants it gone again. According to interest.co.nz (where that quote came from), the proposed removal...

[curiousb]

Hello,

We are coming to the end of our first lease term (commercial). The tenant has given notice that they would like to exercise their right of renewal to go into the next term.

Do we need a lawyer for this, or is there a way to do it without any lawyer fees?

...

[CraigD]

A friend passed away recently whose business still has four years to run on a fixed lease. The business is now non-tenable. Even worse the day before his death he signed an additional lease for more space on the lot. His wife is the other listed director of the business but has had minimal involvement...

[donna]

Hi Pters,

It wasn't that long ago, investors were ditching residential in favour of commercial property. The question is - how's that working for you?

See this FT article (it's not behind the paywall) -

https://www.ft.com/content/60a67e2b-...a5-af47-efba14...

[Merlot Mike]

Hi all industrial landlords, when looking for a new tenant do you use the services of a leasing agent, or do you prefer to advertise for and deal with propective tenants yourself? If an agent is the way to go, do you negotiate with them regarding their fee?

[Beano]

Has anyone read the legislation to see if "stacking applies".....

Option 2:

Stacking.

Under this option, taxpayers would allocate their pre-27 March loans, excluding any loans traced to private purposes,16 first to assets that are not residential investment...

[Beano]

'This is completely out of the blue': Property industry blindsided by commercial lease changes
Justice Minister Kris Faafoi announced the changes on Tuesday.

Changes to the Property Law Act to force landlords and tenants to strike deals over lockdown-related rent relief were kept...

[jack2016]

Hi I am wondering if it is wise to buy a building that is only 34% of the earthquake standard? The agent says there is no need to improve it.

Thanks

[GenY]

Hi all. Haven’t been on here for a while. Decided to take the plunge and move away from residential and consider a commercial property in Auckland. Would love to hear tips and suggestions from the experts here. My understanding of commercial property is you need deeper pockets and getting the right...