Post by Kiwi Frontline on Jun 8, 2022 4:41:57 GMT 12
MĀORI-OWNED LAND: HĪKOI AT TOKOMARU BAY OVER PERPETUAL LEASES
The small town of about 450, located 90km north of Gisborne, has made headlines in recent weeks over perpetual leases - contractual arrangements that have effectively stripped Māori landowners of control of their whenua.
The leasing arrangements were applied to the town's Tuatini Township Blocks following a government error after 1910, and enforce a strict set of conditions including 999-year terms and restrictions on how the owners control the land.
Rent is fixed for 21-year periods at 5 per cent of the unimproved value for rural land, or 4 per cent for urban land, and lessees are given a perpetual right of renewal on the leases.....
www.nzherald.co.nz/kahu/maori-owned-land-hikoi-at-tokomaru-bay-over-perpetual-leases/EHS5KX2RDSKRBHFO6VQ47SKQS4/
The small town of about 450, located 90km north of Gisborne, has made headlines in recent weeks over perpetual leases - contractual arrangements that have effectively stripped Māori landowners of control of their whenua.
The leasing arrangements were applied to the town's Tuatini Township Blocks following a government error after 1910, and enforce a strict set of conditions including 999-year terms and restrictions on how the owners control the land.
Rent is fixed for 21-year periods at 5 per cent of the unimproved value for rural land, or 4 per cent for urban land, and lessees are given a perpetual right of renewal on the leases.....
www.nzherald.co.nz/kahu/maori-owned-land-hikoi-at-tokomaru-bay-over-perpetual-leases/EHS5KX2RDSKRBHFO6VQ47SKQS4/