The Government is considering changing tenancy law to support the growing number of people renting indefinitely. Building and Housing Minister Nick Smith said officials were reviewing the standard tenancy contract set out in the Residential Tenancies Act. Some tenants say current lease and notice periods provide very little stability for renters wanting to put down roots.
The Insight programme on National Radio this coming Sunday after the 8 am news is on this topic. Will also be downloadable after the broadcast.
It would have to be optional both for tenants and landlords, wouldn't it? Can't see many landlords signing up to sitting tenants, especially in Auckland.
Wonder if it would work if a lump sum of rent was paid up front. For example, tenants take out a 10 year loan secured against their leased interest, and pay it to the landlord as rent in advance.
The Insight programme on National Radio this coming Sunday after the 8 am news is on this topic. Will also be downloadable after the broadcast.
It would have to be optional both for tenants and landlords, wouldn't it? Can't see many landlords signing up to sitting tenants, especially in Auckland.
Wonder if it would work if a lump sum of rent was paid up front. For example, tenants take out a 10 year loan secured against their leased interest, and pay it to the landlord as rent in advance.
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