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Commercial Property Management leasing agents in New Zealand are required to have a real estate agents licence and operate and audited trust bank account. Commercial leases are covered by the Property Law Act 1952. Residential property management in New Zealand is an unlicensed and unregulated industry.
Kiwi Income Property Trust acquired New Zealand Land Limited in 1994; which held a total portfolio of nine properties. In 1995, the business purchased 11.8 hectares of land in a 'brown zone' area, Mt. Wellington , for $9.75 million and spent a further $20 million in 1999 to acquire a neighbouring 9.1 hectare site.
Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property.
Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. Here's how even ordinary investors can become the landlord of Walmart, Whole Foods or Kroger
A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. [1] Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. In essence, a lease agreement is a contract between two parties: the ...
commercialbay .co .nz. Commercial Bay Shopping Centre is a shopping centre in the Auckland CBD, Auckland, New Zealand. It is situated at 11–19 Customs Street West between Lower Albert Street and the Britomart Transport Centre, and opened in 2020. The centre replaced a precinct that was known as Downtown Shopping Centre, formerly Westfield ...
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