Property Investment Information

Building Minister Shane Jones says he is close to getting official advice on a system that could let tenants stay in rented houses when the landlord changes.

He told a seminar in Waitakere yesterday that the new system, which he signalled in March, could allow a tenant to lease a rented home for nine, 15 or 21 years, as in the United States.

The lease would continue even if the property changed hands during the term of the lease. (more...)