The Law Association of New Zealand

The Deed of Lease Seventh Edition 2024 (On Demand)

This On Demand was originally recorded on 27 November 2024.

Following an extensive and considered review period, The Law Association of New Zealand released the seventh edition of the Deed of Lease in late November 2024. The revised Deed contains significant amendments reflecting changes in law and practice. This On Demand outlines and provides the rationale for and details of the changes, highlighting the implications for both lawyers and their clients.

Learning Outcomes

Gain an understanding of the key changes to the Deed of Lease, which are extensive, including but not limited to:

  • different rent review options with fixed reviews added and different ratchet options, caps and collars;
  • revised outgoings;
  • landlord insurance and insurance excesses;
  • revised compliance with statutes obligations and health and safety obligations;
  • changes to maintenance of premises, reinstatement and make good clauses and rent abatement;
  • revised no access in emergency (previous clause 27.5); 
  • different additional security options including bank guarantee and rental bond;
  • building seismic rating option; and
  • mortgagee consent to lease option.

Receive user guidance on the implications of the changes when advising landlords and tenants.


Who should watch?

All property lawyers, property litigators and legal executives. Commercial real estate agents and property managers would also find this session useful.


Presenters

Panellists: Justin March, Partner, DLA Piper and Joanna Pidgeon, Director, Pidgeon Judd

Chair: Tony Herring, Partner, Gibson Sheat


Tony Herring

Tony joined the Wellington office of Gibson Sheat as a partner in March 2021, after 24 years with Mortlock McCormack Law in Christchurch. He practises in the areas of commercial and property law, with an emphasis on Crown property work, commercial leasing, and employment law. Tony was appointed as a Notary Public in 2009.

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Justin March

Justin March is the head of DLA Piper’s real estate practice in New Zealand with over 30 years' experience.

He regularly advises leading domestic and global corporates which operate across multiple jurisdictions on a broad range of industry sectors and asset classes. Justin advises on large scale commercial property, infrastructure and development projects. He is consistently ranked as a leading partner by Legal 500 and Chambers & Partners and was inducted in the NZLS Property Law Section Hall of Fame. 

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Joanna Pidgeon

Joanna is a property law expert, Past President of ADLS (TLANZ), Convenor of TLANZ’s Documents & Precedents Committee and a member of its Property Law Committee. She is also a member of NZLS’ Land Titles Committee. She often makes determinations under the ASPRE when there are disputes, is a past Chair of the Property Disputes Committee and gives expert evidence in Courts and Tribunals on a wide range of property matters.

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Details

CPD Hours: 1.50hr

Pricing Details

Ticket Price

Member: $155 GST

Non-member: $220 GST

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