Rent to buy information?

Barry asks:
(updated on Wednesday, August 15th 2012)

My tenant has expressed interest in puchasing the property they rent through a rent to buy scheme. Where can I find information on how these arrangements operate? My property is located in Kapiti but I now live permanently in Australia.

Our Experts Answer:

The Residential Tenancies Act 1986 only applies to the relationship between a landlord and tenant in respect of their residential tenancy. It does not apply to a sale and purchase arrangement. I suggest you seek independent legal advice from a solicitor or community law centre for information relating to a rent to buy arrangement.

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The Co-operative Bank - First Home Special 2.09
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ICBC 2.25
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Kainga Ora - First Home Buyer Special 2.25
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AIA 2.99
Westpac Special 2.99
ICBC 2.99
ASB Bank 2.99
China Construction Bank Special 2.99
BNZ - Classic 2.99
SBS Bank Special 3.19
Kiwibank Special 3.19
The Co-operative Bank - Owner Occ 3.19
Heartland Bank - Online 2.50
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Kiwibank - Offset 3.40
Kiwibank Special 3.40
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Bluestone 3.49
Select Home Loans 3.49
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The Co-operative Bank - Standard 4.40
The Co-operative Bank - Owner Occ 4.40
Kainga Ora 4.43