From left, the Maungakiekie Ave house abandoned when rent went from $8300 to $73,750, a view of One Tree Hill, and advertising for leasehold property. Photo / NZ Herald
The Cornwall Park Trust Board has invited residents leasing its 110 One Tree Hill and Greenlane residential properties to a meeting next Thursday to discuss revisions to its new "modern" lease.
Chairman John Clark sent a written invitation to the meeting to be held at 6.30pm at the Carlton Cornwall
Bowling Club, 126 Market Rd, to deal with the new terms, outlined at a meeting earlier this year.
Clark said the board had received feedback on its proposed new lease and he indicated some changes.
"We would like to meet with lessees again to provide you with our response and present the revised key terms. Following the meeting, there will be a period of two weeks for final feedback from lessees. The trust will then consider this further input, conclude its work and write to all lessees with an invitation to convert to a modern lease should they wish to do so," Clark wrote.
Leaseholders, charged up to $73,750 a year for the 110 prime sites around Cornwall Park, expressed shock and dismay at the new lease earlier this year, saying the board had not moved on the unpalatable 21-year rent review period and that the new lease increased the board's powers and disadvantaged leaseholders by offering them almost no benefits.
