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Local Government (Rating) Act 2002

Assessment, payment, and recovery of rates and remission, postponement, and write-off of rates - Assessment, payment, and recovery - Abandoned land

82: Application of proceeds of sale or lease

You could also call this:

"What happens to the money when the council sells or leases abandoned land"

Illustration for Local Government (Rating) Act 2002

When you sell or lease abandoned land under section 79, you follow rules from sections 75 and 76. You use these rules to decide how to use the money from the sale or lease. You include all expenses, like costs and fees, when you work out how much money you have.

If you do not have enough money from the sale or lease to pay for rates, interest, costs, and expenses, the local authority can choose not to collect the remaining amount. This means they can write off the amount that is still owed. You can find more information about this in sections 75, 76, and 79, which are related to the rules for abandoned land.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM132748.

Topics:
Government and voting > Local councilsHousing and property > Land use
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"Buying or leasing abandoned land is automatically considered legal"

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Part 3Assessment, payment, and recovery of rates and remission, postponement, and write-off of rates
Assessment, payment, and recovery: Abandoned land

82Application of proceeds of sale or lease

  1. Sections 75 and 76 apply, with the necessary modifications, to the application of the proceeds of every sale or lease of abandoned land under section 79.

  2. For the purposes of this section, expenses includes all expenses incurred by the local authority in connection with the sale or lease.

  3. If the proceeds of a sale or lease of abandoned land under section 79 are not sufficient to meet the rates, interest, costs, and expenses, the local authority may write off the deficiency.