Nicer earner for the developer:
THIS INNOVATIVE CONCEPT IS DESIGNED TO WORK WITH THE NEWLY ELECTED GOVERNMENT PLAN TO GET PEOPLE INTO THEIR OWN HOMES, AND FEATURES THE FOLLOWING BENEFITS:
• HOMES QUALIFY FOR THE KIWISAVER SUBSIDIES AND/OR WELCOME HOME LOANS.
• 100% FUNDING TO APPROVED PURCHASERS WHO MEET THE KIWISAVER CRITERIA.
• 21 YEAR CONTINUALLY RENEWABLE LEASEHOLD TITLE.
• NO HUGE LEASE RENTAL INCREASE. IT IS SET AT $200 PER WEEK WITH AN ANNUAL RENT REVIEW AT THE GREATER OF 2.5% OR CPI. SO NEXT YEAR THE RENT WILL BE $205. NO SURPRISES; AND THAT IS LOCKED IN FOREVER.
• RIGHT TO FREEHOLD IN THE FUTURE.
THIS INNOVATIVE CONCEPT IS DESIGNED TO WORK WITH THE NEWLY ELECTED GOVERNMENT PLAN TO GET PEOPLE INTO THEIR OWN HOMES, AND FEATURES THE FOLLOWING BENEFITS:
• HOMES QUALIFY FOR THE KIWISAVER SUBSIDIES AND/OR WELCOME HOME LOANS.
• 100% FUNDING TO APPROVED PURCHASERS WHO MEET THE KIWISAVER CRITERIA.
• 21 YEAR CONTINUALLY RENEWABLE LEASEHOLD TITLE.
• NO HUGE LEASE RENTAL INCREASE. IT IS SET AT $200 PER WEEK WITH AN ANNUAL RENT REVIEW AT THE GREATER OF 2.5% OR CPI. SO NEXT YEAR THE RENT WILL BE $205. NO SURPRISES; AND THAT IS LOCKED IN FOREVER.
• RIGHT TO FREEHOLD IN THE FUTURE.
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