Green Party announce plan for city centre vibrancy
Commercial landlords would rather keep their properties empty than accept lower rents. This policy allows councils to force an auction for a lease after a property has been vacant for over a year.
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View original on lemmy.nzhttps://www.greens.org.nz/green_party_announce_plan_for_city_centre_vibrancyOpen linkView original on lemmy.nz
2 replies
Ah interesting policy. Sounds like common sense, helps small businesses (since rents can also go down with a market rent review for smaller businesses), boosts city centres, and has been tested overseas already. I like it!
Does this include properties that have been under renovation, or are otherwise being upgraded?