Leaks are something that we deal with daily here at FT Adjusting. Burst pipes, leaky drains and even exploded sewage systems – you name it, we’ve seen it. Leaks are a fact of life, especially during storm season.
But way across the ocean, there’s a different kind of storm brewing. Some New Zealand councils could soon find themselves in hot water for approving leaky buildings. An Auckland law firm is taking class action against councils that inspected or approved leaky or failed buildings within the last ten years, according to an article from Stuff.
According to Adina Thorn Lawyers, the aim is to help building owners who are living with leaks. And it’s an extensive time frame – it could be ten months, or ten years after the work was approved by the council.
Anyone who has had involvement with a council over the past ten years, or who is part of an existing claim, can register. This includes individuals, body corporates and commercial owners.
In the world of construction and engineering insurance, this is massive news. According to building surveyor John Dalton, it’s common to find building work that’s not up to standard. Oh, if only the walls could talk, John.
‘Clearly the scale of the problem runs to hundreds of millions, if not billions of dollars with many property owners naturally asking what value really attaches to a council consent, which is something that takes good money and often considerable effort to secure,’ Dalton told Stuff.
The action will be fully funded, so participants won’t have to pay a cent. But New Zealand councils could find themselves in the firing line quite soon. Nevertheless, the whole process might take some time. And we have no problem wading to see how the whole thing pans out.
Words by Skye Jamieson