08-02-2013
Green light for rebuild
Landlords.co.nz
A pick-up in the Christchurch rebuild rate may be on the way after a High Court judgement in favour of insurers.
It ruled that the Christchurch City Council can only require building owners to strengthen buildings up to 34% of the new building standard when rebuilding, as required by the building code.
Some repairs had been on hold while the Insurance Council fought it out with the city council – which wanted buildings strengthened to the 67% it adopted as a preferred minimum in 2010.
The High Court ruled Christchurch City Council not over-reach the building code.
Source: Landlords.co.nz