Real estate boss’ company owes couple $9129 after Disputes Tribunal ruling nearly 18 months ago

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A couple who won nearly $10,000 in a Disputes Tribunal case against a company run by an Auckland real estate boss have not seen a cent nearly 18 months on, and believe they never…

A couple bought an apartment to rent out, and found out a day before settlement the tenant had left. Photo / Michael Craig

A couple who won nearly $10,000 in a Disputes Tribunal case against a company run by an Auckland real estate boss have not seen a cent nearly 18 months on, and believe they never will.

The couple bought an inner-city Auckland apartment from LBN Federal Street Ltd, which was ordered to pay them $9129.

The tribunal was told by the company’s sole director Luke Nutting, the current chief executive of Auckland agency Wallace Real Estate, that the company had no money and he should not have to put money into it himself.

The couple, who wished to remain anonymous, want him to “just do the right thing, mate”.

They believed Nutting knew what he’d done was “unethical, even though it is legal”.

The woman’s husband pointed out that Nutting’s profile on the Wallace Real Estate website said his mission is to “raise the standard for real estate, lead with integrity”.

After months of seeking legal advice and solutions, and hearing nothing from Nutting, the pair felt they’d exhausted all avenues and the media was the last option.

In September, one of the couple hand-delivered a statutory demand to the company’s registered office at an Auckland accountancy firm, giving it 15 working days to pay.

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