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Webinar Archive Presentation

Changing attitudes to building safety are creating challenges for local authorities, landlords and tenants when dealing with potentially earthquake prone commercial buildings within current law, policy and contractual arrangements.

Lawyers need to consider the earthquake status of a building when their clients are buying or selling a commercial building, or entering into a new lease. There are also significant wider health and safety issues that need to be taken into account when providing advice in this area. Further, the market may demand that buildings are at a higher standard than pending regulatory changes.

Topics covered

• Background to the changes (including definitions and current legal requirements)
• Imminent proposals for legislative change
• Due diligence issues
• Issues for landlords/commercial property owners
• Issues for tenants under commercial leases
• Health and safety
• Using a seismic framework to advise clients effectively.

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Booklet

Introduction

The current piecemeal approach to earthquake-strengthening requirements in New
Zealand is giving way to a national policy.

The new requirements are likely to impose significant costs on owners of earthquakeprone buildings. Owners of relevant buildings, tenants and other occupiers, property managers and leasing and sales agents are all likely to be affected by the new requirements.

This webinar is designed to assist practitioners who act for owners or occupiers of
buildings that may be earthquake-prone. It will be particularly relevant where practitioners are advising clients who are considering entering into the purchase, the grant of a lease or the renewal of an existing lease, of a building (or part of a building) that may be earthquake-prone.

This seminar assumes some familiarity with commercial leasing, but that practitioners are unlikely to be experts on earthquakes or the current seismic performance requirements. Accordingly, the first section of this webinar provides an explanation of some jargon used throughout the industry, the current legislative requirements and the background to the Royal Commission of Inquiry into Building Failure caused by the Canterbury Earthquakes (Royal Commission).

The second section of this webinar considers the recommendations made by the Royal Commission and the proposals for legislative change by the Ministry of Business, Innovation and Employment (MBIE).

The final section of this webinar deals with matters for practitioners to consider when acting for purchasers, landlords or tenants of a building that may be earthquake-prone.

PowerPoint Presentation