Thursday, June 16, 2011

Do They Want It For Free For Ever?

If ever there was a need for a bloody good taniwha, it is demonstrated in this story of moaning groaning whinging dead beats who have known for years of a pending rental increase but have done absolutely nothing to prepare for it. Of course the egregious Herald blows this up as a story about those awful venal greedy indolent indigent indigenes ripping off the poor hard done by honky businessman.

Ngati Whatua should send in the Taniwha to bite the honkies on the arse and scare away all the customers. Then, when the business proprietors come to their senses, the Taniwha can be sent home to his cave to await the next time he is needed.

It is incomprehensible that any sane businessman would have calculated all his decisions on the premise that the dopey local brown buggers would have allowed their land to be used for free for ever. If they did, they should be allowed to to go broke and make way for other people who are smart enough to generate enough profit to cover the real value of the assets they use.

Ngati Whatua chief executive Tiwana Tibble wrote to the body corporate of the 20 shops saying the land was now valued at $25.5million.

"The lease provides for the annual rent to be fixed at 6 per cent of the freehold value," he wrote to owners of shops, apartments, Mobil service station and KFC outlet.

Last year, Mr Tibble encouraged anyone worried about the new charges to approach the board to negotiate. Some settlements had been reached, he said.

The land owners appear to have acted impeccably. It is obvious landlords, tenants and developers knew fifteen years ago that ground rent would come into force this year. It sounds to Adolf as though the dumb bastards who are moaning didn't bother to check it out when they entered into their respective leases.



alex Masterley said...

alex's advice to people purchasing interests in leasehold land is simply don't.
That is even to those who are commercialyy savvy.

Adolf Fiinkensein said...

That's very good advice if you want to see half of Auckland CBD turned into bombsites and half of Taranaki's most productive dairy farms returned to manuka and gorse.

Wouldn't you be better to advise them to find a lawyer who can read past the second paragraph in the lease document and title deed?

WWallace said...

Please explain how the tribe came into possession of land that was not land when the Treaty was signed.

The sea was lapping The Strand and Beach Rd (hence the name).