Post by Kiwi Frontline on Jun 26, 2024 6:53:06 GMT 12
TARANAKI LAND RENT DUE
Paraninihi ki Waitotara Incorporation is in arbitration this week with the West Coast Settlement Reserves Lessees Association over what lessees should pay to use some of the country’s best dairying land.
About 250 of the incorporation’s 300-plus properties across Taranaki are leased out under a legislative framework that provides for seven-yearly rent reviews based on the unimproved value of the land.
Last financial year the incorporation receiveed $7 million in rent from 20,000 hectares of leased land.....
waateanews.com/2024/06/25/taranaki-land-rent-due/
Paraninihi ki Waitotara Incorporation is in arbitration this week with the West Coast Settlement Reserves Lessees Association over what lessees should pay to use some of the country’s best dairying land.
About 250 of the incorporation’s 300-plus properties across Taranaki are leased out under a legislative framework that provides for seven-yearly rent reviews based on the unimproved value of the land.
Last financial year the incorporation receiveed $7 million in rent from 20,000 hectares of leased land.....
waateanews.com/2024/06/25/taranaki-land-rent-due/