Rent to buy information?
(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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