How we help land owners
We currently manage around 100,000 hectares of (mainly rural) leased land around New Zealand. We maintain an up-do-date list of properties available for lease, negotiate lease conditions and handle the administration required for all kinds of leases.
Negotiating leases for owners
When we negotiate leases for owners, we make sure we:
- understand exactly what land owners want
- find the best tenants – people reliable and capable enough to ensure the sustainability of the land
- establish the most competitive rent possible.
During a typical lease negotiation process we might:
- commission a valuation report
- seek further land reports, eg soil testing for considering fertiliser application later
- consider any special lease conditions, eg erosion control or the preservation of wahi tapu (sacred places)
- factor in any improvements tenants might intend to make (or might be required to make)
- draw up lease agreements and get them signed off.
Managing leases for owners
We work with tenants and owners to ensure all terms of the lease are met. We:
- collect rent and other incomes on the land
- arrange rent reviews
- ensure rates are paid
- carry out property inspections
- arrange land owner meetings and property visits
- organise work that needs to be carried out on the land
- provide land reports to owners.
Different types of leases we manage
Most of the leases we manage (described above) are for rural land. We also sometimes deal with cutting rights, mineral extraction rights, housing tenancies and these two special cases:
Perpetual Māori Reserved Land leases
These are leases we are responsible for under the Māori Reserved Land Act 1955 – they were established from the late 1800s. They apply to Māori land reserves or land that was returned to Māori as compensation, and then leased by the Public Trustee under perpetual leases. While well intentioned, over time they have led to very low rental prices and financial barriers for owners. We've negotiated an end to many perpetual leases, replacing them with fixed-term leases.
Māori Land Court–appointed lease management
Sometimes owners want to lease land to someone but there is no management structure (eg an Ahu Whenua trust) to make this decision. In this case, the Māori Land Court can call a meeting of owners to review the proposal to lease. If the owners agree to the lease, the Māori Land Court appoints an agent (often the Māori Trustee) to negotiate and manage the lease.