Recently the High Court heard a case on the valuation of a rent review of a residential leasehold property. The case is an important reminder of how ground lease properties work and the inherent problems in owning a home on such a section. In this FYI we look at ground leases in general and the more detailed points from the case.
To find out more read our latest Property Law FYI (January 2010).
Please contact us if you have any questions or require further information.
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Phillip Merfield, Partner
DDI: +64 9 977 5096 | Mobile: +64 21 935 407 | phillip.merfield@simpsongrierson.com
Michael Scannell, Partner
DDI: +64 4 924 3416 | Mobile: +64 21 437 644 | michael.scannell@simpsongrierson.com
Greg Towers, Partner
DDI: +64 9 977 5051 | Mobile: +64 21 963 653 | greg.towers@simpsongrierson.com
Michael Wood, Partner
DDI: +64 9 977 5329 | Mobile: +64 21 772 974 | michael.wood@simpsongrierson.com
Denis McNamara, Consultant
DDI: +64 9 977 5041 | Mobile: +64 21 933 746 | denis.mcnamara@simpsongrierson.com
Greg Allen, Senior Associate
DDI: +64 9 977 5164 | Mobile: +64 21 534 464 | greg.allen@simpsongrierson.com
John Craig, Senior Associate
DDI: +64 4 924 3426 | Mobile: +64 21 044 6941 | john.craig@simpsongrierson.com
Daniel Kelleher, Senior Associate
DDI: +64 9 977 5146 | Mobile: +64 21 311 308 | daniel.kelleher@simpsongrierson.com