Section 270 — Property Law Act 2007: Rights of lessor if insurance for leased premises or land is affected by negligence of lessee or lessee’s agent
Text of the provision Official document
270 Rights of lessor if insurance for leased premises or land is affected by negligence of lessee or lessee’s agent (1) If this section applies and the destruction or damage is caused or contributed to by the negligence of the lessee or the lessee’s agent, the lessor may— (a) terminate the lease, on reasonable notice to the lessee, if the lessor’s ability to obtain or retain insurance cover on reasonable terms for the leased premises or the land on which the premises are situated has been prejudiced by the destruction or damage; or (b) recover from the lessee any increased insurance costs incurred by the lessor in relation to the leased premises or the land on which the premises are situated as a result of the destruction or damage (including, without limitation, any increases in the insurance premium that are, or become, payable by the lessor or, as the case may be, any insurance excess that the lessor may be required to pay in relation to any future claims for destruction or damage of that kind). (2) This section overrides section 269 .
Official source: legislation.govt.nz
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