Rent ver­dict due

Auckland City Harbour News - - News -

Res­i­dents at a cen­tral city apart­ment com­plex are wait­ing to see whether they will be forced to pay a mas­sive ground rent in­crease.

The Beau­mont Quar­ter Res­i­dents So­ci­ety went to ar­bi­tra­tion with landown­ers Beau­mont Part­ners last week over a 400 per­cent price rise, which would see some res­i­dents pay­ing around $20,000 a year.

The hear­ing ran from Tues­day to Fri­day and ar­bi­tra­tor Sir Ian Barker is ex­pected to take about a month to give his de­ci­sion.

So­ci­ety chair­man Neville Cor­bett at­tended part of the hear­ing and says it went well.

The so­ci­ety’s an­nual gen­eral meet­ing is on Novem­ber 24 and res­i­dents hope to know the out­come by then.

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