4 Jun 2020

Small businesses given rent lifeline

From Morning Report, 7:09 am on 4 June 2020

Small businesses unable to pay rent on commercial leases have just been given a lifeline.

From today, commercial tenants and their landlords who cannot reach agreement on how much rent to pay will go to compulsory arbitration.

The breakthrough comes after almost two months of negotiations between Labour and New Zealand First.

The Justice Minister Andrew Little regrets it's taken so long.

He spoke to RNZ political reporter Jo Moir last night ahead of the announcement later today.