One step closer to leaky home resolution?
Building and Construction Minister Maurice Williamson announced that the government will pay 25% of repair costs, with local authorities also footing 25% of the bill, with the remaining 50% to come from property owners.
However, home owners will forgo their right to sue local authorities or the crown if they take up the government's offer, although will still have the option to pursue other liable parties such as builders, developers and manufacturers of defective products.
Williamson says the scale of the leaky homes issue is equivalent to a natural disaster of huge proportions and it is having a considerable impact on the wealth and health of many thousands of New Zealanders and their families.
"Affected home owners have been stuck in a complex and costly disputes process for too long with little prospect of being able to fix their leaky home," he says.
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