Out of Europe

MASSIVE MANSION, MODEST MENTION

GET THEE TO CAPRI! Ever wondered how the other half (of the other half of the other half) live? Some may aspire to owning a spacious house in the country but the world’s wealthiest tend to think bigger.

Although this $15 million US home in Capri is probably a little beyond the reach of most of us, dreams are free, and some of the interior design choices can inspire designs a little less grand (okay, a lot less!) in scale and nature.

More information about this amazing mansion is accessible via bocadolobo. com. Some interior pieces can be shipped to New Zealand on request.

FREE MAKE

ON SELECTED SUPPLIERS

HURRY! ENDS MAY 31

*Conditions Apply

22 Queen St, Pukekohe - 09 2389326 www.kevenscurtains.co.nz

Edge

RE/MAX Edge Takes Out Top Award

RE/MAX Edge is celebrating after winning Top Multi Office at RE/MAX New Zealand’s gala annual awards event held on Wednesday 24th March at Hilton Hotel Auckland. The award is based on the combined total of gross settled commissions generated by sales associates through 2020. RE/MAX CEO Don Ha said the ability to be ranked number one in such a high-calibre network came down to a dedicated and cohesive group of real estate professionals. “The real estate industry responded rapidly to the changing landscape of 2020 and gave confidence to its customers as it continued providing sales and property management services. Depending on the type and location of the home, owners and investors sold property in good time, often without having to compromise on price and sometimes for well above reserve at auction. House prices have rebounded after every recession or downturn in the past 50 years. I think our appreciation for the true value of bricks and mortar as assets may have heightened through 2020. 2021 is already a strong property market marked with positivity and confidence.” He said the award represented agents who forged honest lasting relationships with their customers, and whose customers become their ‘advocates’ following an exceptional real estate experience. “I sincerely congratulate broker owners Michelle Goodman and Richard Sumner in their leadership role, which facilitates this achievement,” he said. The real estate network bestows Club awards - through 100%, Gold, Platinum, Chairman’s, Titan and Diamond Club levels – based on annual sales achievement. Club status also recognises the preparation, effort, performance and commitment essential to real estate success,” said Ms Goodman, who, along with Richard Sumner, Annie Wilson and Wendy Diamond achieved 100% Club status based on 2020 sales outcomes. Ms Goodman and Mr Sumner have built a successful real estate business across three locations, with RE/MAX Edge offices in Clevedon, Papakura and Ngaruawahia. For award-winning assistance in property matters, contact the team at RE/MAX Edge. Michelle Goodman Richard Sumner

ADDRESS Shop 1, 35 Cook Street, Howick, NZ 2014remax.co.nz | Each office independently owned and operatedremax.co.nz | Each office independently owned and operated OFFICE (09) 538 0020Zest for Realty Ltd | Licensed REAA 2008 13 Papakura-Clevedon Rd, Clevedon | 09 292 8388 32c Broadway, Papakura | 09 299 1822 Edge Real Estate Ltd | Licensed REAA 2008

Understanding Lease End Obligations

Partner, Arthur Chung from Wynyard Wood reiterates advice on commercial leases.

An issue I regularly advise on is the extent of a tenant’s reinstatement and make good obligations under a commercial lease when the lease comes to an end.

The associated costs can be substantial and disputes often arise when a landlord and tenant have different expectations and understanding of what is required to satisfy these obligations.

Whether you are a commercial landlord or tenant, here are some important considerations to bear in mind if you are faced with this issue.

• What do the expressed terms of the lease require of the tenant? • Are there any implied covenants at law which may need to be considered together with the expressed terms? (Some leases expressly exclude the application of the implied covenants.) • Is there evidence of the condition of the premises at the start of the lease or some other relevant time (such as photos and/or a premises condition report) by which the tenant’s obligations are to be referred to? Have there been any additions or alterations to the premises during the term which need to be taken into account? • Are the obligations limited in anyway, such as being subject to

a fair wear and tear exception? • Who owns the fixtures, fittings, chattels and additions to the premises? • Has the tenant and the landlord been carrying out their respective maintenance obligations (including any redecoration obligations) during the term and if not, to what extent has the deferred or lack of maintenance affected the condition of the premises? • Has there been any lease renewals or assignments which may affect how the reinstatement and make good obligations apply to the current tenant? • Has the tenant’s use of the premises resulted in any contamination which may require removal, remedial works and/or ongoing monitoring? • When does the lease require the reinstatement and makegood to be completed and what happens if the works are not completed by that date? • How does the landlord intend to use the premises after the tenant vacates?

What the lease requires the tenant to do, and what may be required to put the premises back to a suitable condition for reletting can vary greatly. If you are unsure of your rights and obligations, seek expert advice early.

BILL POTTER — The Maverick Thinker. Global Speaker. Personal Power Mentor. Bill has already made personal presentations in 57 countries. http://www.speakers.co.nz/our-speakers/allspeakers/bill-potter/ https://www.youtube.com/watch?v=ToRhF22nARM

I’m glad you read Part 1 of my message, ‘What I Need Now!’, in the April issue of our wonderful SOUTH magazine. Of course you did.

Yes, it was a long list of ‘Good Life’ recommendations and I’m sure you enjoyed your ‘lie-down’ immediately after reading it. Did you?

I have been a ‘maverick thinker’ all my life. It has allowed me to achieve so much ‘stuff’. I must add that being a ‘maverick’ did not work so well when I was growing up. My ‘free mind’ did not always match up with grownups (?), who often seemed to have alternative ideas. Sad...

But... dear reader (You’re still here right? Oh great!) whether you want to believe it or not, let me tell you this : We were all born with an ‘open mind’. Now guess whom you believe... ‘closed it’? No excuses! It was YOU! What you need now is a plan to ‘open your mind again’.

To give you a start... go here : https://becomingunbusy.com/ make-yourself-happier/

It will not be easy to change, unless you have the will, the courage and the path, to do so. BTW. Do you keep a notebook and pen handy? Some folks do not even know how to use Google or Wikipedia properly!

Let me give you five hints for your journey:

(a) Know yourself betterer (b) Mix ‘n’ mingle with good people (c) Actually ‘plan’ your life (d) Do not let your talents and skills go to waste and (e) Never give up! The world needs YOU, because YOU have a UNIQUE contribution to give it!

My newly upgraded international Course... LeaderSpeak© , is now ready to go. It is for achievers who can learn to lead and inspire, but who do not feel sufficiently confident to do either, yet.

My course is a ‘maverick’ experience, because I ‘do it differently’. Most Leader courses do not! If you’re courageous, you know what to do. Contact me. Cheers. Bill.

duitdammit@gmail.com

COMMERCIAL LEASE END

Requirements for restoring a premises back to a suitable condition for reletting can vary greatly. If you’re a tennant and are unsure of your rights and obligations, seek expert advice early. Contact Wynyard Wood today.

wynyardwood.co.nz/lease-end Tel. 09 969 0126