What's the deal with Housing corp tenants?

Our Experts Answer:

Housing New Zealand leave privately owned properties in areas where there is high demand for affordable rental housing. The lease programme provides an opportunity for property owners who want to lease their property in return for guaranteed rental. Generally, lease terms on an existing property are from five years. More information is available here.

If you choose to rent out your property with a property manager acting on your behalf, the relationship between the property manager (as your agent) and the tenant will be a residential tenancy subject to the Residential Tenancies Act. The agreement between you and the property manager, however, will not be covered by the Residential Tenancies Act. I recommend that you seek independent legal advice from a solicitor or your local community law centre about the advantages and disadvantages of both a Housing New Zealand Corporation lease agreement and a residential tenancy agreement with a property manager acting on your behalf. This will help you decide which option is more suitable for your circumstances.