• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook

View Poll Results: Meth test any one agrees?

Voters
3. This poll is closed
  • yes with reservations

    0 0%
  • yes but paid by the interested party

    1 33.33%
  • yes,but voluntary

    1 33.33%
  • yes but not mandatory

    0 0%
  • yes 100 agree

    1 33.33%
  • no

    0 0%
  • no with reservations

    0 0%
  • no unless paid by the goverment

    0 0%
  • no unless there is help from the government to decontaminate

    1 33.33%
  • no meth has been around since the beginning of time

    0 0%
Multiple Choice Poll.
Page 121 of 122 FirstFirst ... 21 71 111 119 120 121 122 LastLast
Results 1,201 to 1,210 of 1217
  1. #1201
    Join Date
    Jun 2004
    Location
    Kapiti
    Posts
    622

    Default

    Hi everybody,

    We have some dear friends who have recently purchased a property, given they wished to purchase an investment.

    With a view to eventually retiring there themselves.


    They engaged a PM, who has subsequently had the property tested for meth contamination. Unfortunately the PM advises them it's tested at 37 mg per square metre. As such she cannot rent the place out.

    Their solicitors are looking at the situation, given settlement was only a short time ago. It's likely the vendor is responsible for the said contamination. As it was his place of residence.

    So we want to advise them the best way forward. We've never encountered anything like this before, and we really feel for them. From what I've researched it seems meth contamination is a highly arbitrary subject. All I've told them is to not freak out, & bide their time until the best solution is discovered.


    In the meantime any suggestions from P/Ters are most welcome. Thanks!

  2. #1202
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,834

    Default

    Would getting a second opinion (on the P contamination figure) be a good and easy starting point?

    If that's considered reasonable, also bypass the PM and let the owners directly interact with the tester people.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  3. #1203
    Join Date
    Jan 2010
    Location
    Hibiscus Coast
    Posts
    1,799

    Default

    Arrange to get it cleaned, retest it and then get it rented. I do a meth test at the start and finish of a tenancy. Peace of mind for me as well as the new tenants.

  4. #1204
    Join Date
    Jun 2004
    Posts
    10,364

    Default

    The test was probably a composite one so now needs a comprehensive test to discover how much and where the contamination is.

  5. #1205
    Join Date
    Jan 2012
    Posts
    1,022

    Default

    A colleague recently went to stay in a motel for work. He couldn't help notice a strange odor in the room but didnt put it together until someone knocked on the window asking for drugs. Turns out the room had been let for the previous 3 months for almost double the usual rate, all in cash. The police found my colleague a room in a neighboring motel before having a lengthy chat to the manager.

  6. #1206

    Default

    I have cover under a special Landlords policy with Vero

  7. #1207

    Default

    Hi

    If the test has been done correctly you will have photo's of the areas where the test was taken with the relevant result. Look at the photo's with the result and do some home work. An example if the test has been taken in the area of varnished wood or a range hood the chances are thoes results will be higher. Also you need to look at the chemicals found not just the level. An acceptable test will show what chemical are present which should also assit you. I also have the contact for someone that can provide you with advise and has been involved with many "P" situations assiting people whom find it overwhelling

  8. #1208

    Default

    We had a P problem turn up in a property we rented and renovated. The guy who did the test for the buyer. We got the New Zealand Drug Detection Agency in and the test proved negative. We lost 9 potential buyers because the real estate agency told the buyers it was a P house even though it wasn’t and it had been completely renovated with new kitchen bathroom and carpets and all walls cleaned and painted. We lost $75,000 on the final deal, as the stress was too much for us.

    We also took the agency to the NZREA and won, but they appealed, we won again, and they appealed again and we could not afford to do another appeal.

    They ended up paying only $3000 for their mistake. We found out that, if they didn’t fight the case, they would loose their license. They have so much money they will just appeal and appeal till you can’t afford to proceed.
    Last edited by donna; 26-11-2018 at 10:51 AM. Reason: removed names of businesses.

  9. #1209
    Join Date
    Jun 2004
    Location
    Kapiti
    Posts
    622

    Default

    Thanks everyone for your replies. The secondary tests came in higher. A plan has been instituted, the buyers have decided to act swiftly to repair the damage. We will be helping as we can too, with a view to have the property ready to rent in the early new year. Being freshly redecorated, may mean higher rent in a competitive market. So all good. Also the expenses should be tax deductible.

    Cheers, Hound

  10. #1210
    Join Date
    Aug 2003
    Posts
    7,620

    Default

    Quote Originally Posted by southern38 View Post
    We had a P problem turn up in a property we rented and renovated. The guy who did the test for the buyer. We got the New Zealand Drug Detection Agency in and the test proved negative. We lost 9 potential buyers because the real estate agency told the buyers it was a P house even though it wasn’t and it had been completely renovated with new kitchen bathroom and carpets and all walls cleaned and painted. We lost $75,000 on the final deal, as the stress was too much for us.

    We also took the agency to the NZREA and won, but they appealed, we won again, and they appealed again and we could not afford to do another appeal.

    They ended up paying only $3000 for their mistake. We found out that, if they didn’t fight the case, they would loose their license. They have so much money they will just appeal and appeal till you can’t afford to proceed.
    Hi Southern38,

    We have removed the naming of the businesses as that's our policy. However, I note you said you had insurance with Vero, so did you put a claim in and did they pay for the clean up etc?

    Unfortunately your experience is not unique - deep pockets usually win, however there's only so many appeals allowed and the odds were in your favour, so it's a shame you didn't see it through or get an out of court settlement. For now though it's best to move on from the experience and of course you have our empathy in having to go through it at all.

    cheers,

    Donna
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here




 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Meth Testing Wellington
    By kanwal13 in forum Property Investment (NZ)
    Replies: 2
    Last Post: 02-07-2017, 07:06 PM
  2. Nelson newsletter and meeting on Meth contamination
    By Glenn in forum Property Investor Associations (NZ)
    Replies: 0
    Last Post: 07-07-2016, 09:56 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •