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Leases

The Treasury on behalf of the Crown can surrender a lease held in the name of a removed company. 

To make an application, please provide the following:

  1. A statutory declaration by a director of the removed company ("the Company") (or someone else associated with the Company) at the time the Company was removed which includes:

    1.1 details of the circumstances surrounding the entering into the lease;

    1.2 details of the circumstances surrounding the removal of the Company without first assigning or surrendering the lease; and

    1.3 a declaration that the Company held the lease in its own right and not on trust for any other body corporate or any other person.

    If you are unable to locate anyone associated with the Company at the time it was removed we may accept a statutory declaration from someone else with knowledge of the matter.  However, their statutory declaration will also need to include details of the steps taken to contact the former director(s) of the Company.
  2. An application form requesting the Crown deal with the matter pursuant to the relevant section of the Companies Act 1993 or Companies Act 1955, together with an indemnity from the applicant in favour of the Crown in respect of all or any liability that may be incurred by the Crown in respect of actions taken in obtaining a surrender of the lease.
  3. A copy of the lease filed in the Land Transfer Office and a copy of the certificate of title to which the lease relates.
  4. Extracts from the Companies Office for the Company showing when it was registered and when it was removed.
  5. Your undertaking to pay our fee ($400 inclusive of GST) and to reimburse any advertising costs and other disbursements we need to incur in connection with this matter. We are entitled to recover our costs pursuant to section 75(2) of the Public Finance Act 1989.

Provided that we find the above documents to be satisfactory we will execute an application to the District Land Registrar to have the lease registered in favour of the Crown together with a surrender of the lease.  These documents will then be forwarded to you and will need to be registered electronically. We will provide an Authority and Instruction form in favour of the registering law firm to allow this to occur.

An alternative to seeking a surrender of the lease from the Crown may be to proceed to cancel the lease in accordance with the Property Law Act 2007 and the Land Transfer Act 1952.  The notice requirements in sections 246 and 355 of the Property Law Act 2007 and section 121 of the Land Transfer Act 1952 can be complied with by serving the notices on the Secretary to the Treasury.

As a further alternative to seeking a surrender of the lease by the Crown you may also wish to consider an application to restore the Company to the register.  In some circumstances this can be a faster and cheaper process than seeking a discharge. For more information, see How to deal with property of a company removed from the Companies Register.

Template forms of the statutory declaration and the application and indemnity are available below.  

 

Templates

Statutory Declaration - Lease (Word, 28KB)

Application and Indemnity - Lease (Word, 28KB)

Last updated: 
Tuesday, 22 May 2018