Leasehold landWhenua rīhi

Leasehold Service

Hawke's Bay Regional Council owns leasehold land properties in Napier.

If you are having difficulties with lease payments, the Regional Council offers continued support to leaseholders, including information on the financial support and assistance available. Our Finance team can provide information that could help you prepare an application to Work and Income New Zealand for receipt of the Government’s Accommodation Supplement.

The Council has also enabled hundreds of leaseholders to freehold their property in recent years, and you are welcome to discuss this with staff.

Please contact the Regional Council leasehold staff on 06 835 9200 or 0800 108 838 or email leasehold@hbrc.govt.nz.

Definitions

Lessees interest – represents the value for the lessee because Council can only sell to the lessee and the lessee has a perpetual right to renew for further 21 year periods.

Market value – what the land would be worth if it was vacant.

Lessors value – value to the Council of the property based on the future cash flows discounted back to present value.