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In 1986, The Residential Tenancies Act was passed and The Ministry of Housing was formed. This entity was responsible for government housing policy, managing the State Housing Appeals Authority, holding and managing Tenancy bond monies, providing tenancy advice (Tenancy Services), delivering mediations and administration of The Tenancy Tribunal.
They are particularly common in relation to rented accommodation, where they may also be referred to as a tenancy deposit, bond deposit, [1] or bond. The owner of the item (the landlord in the case of accommodation) will take a sum of money from the person(s) renting the item (the tenant).
New Zealand Tenancy Bonds made an unconditional offer to purchase Mooney's Christchurch property which was accepted the same day. The sale agreement specified that the deposit was to be paid "immediately on acceptance of this offer". The sale agreement also stated that the payment of the deposit was "strictly of the essence of the contract".
Bonus Bonds logo. Bonus Bonds was a New Zealand unit trust founded in 1970 with a reward scheme based on cash prizes. The New Zealand government launched Bonus Bonds under the Unit Trusts Act 1960 through the Post Office Savings Bank with the goal of encouraging New Zealanders to save money. It was the country's largest retail unit trust, with ...
The RTA provides tenancy information, bond management, dispute resolution, compliance and enforcement, and education services. The RTA was previously known as the Rental Bond Authority and was established in 1989. In 1994, the name was changed, and the role of the organisation was expanded.
The Ministry of Housing was established in 1991 by the Fourth National Government as a policy advice agency alongside Housing New Zealand Corporation, which managed the state housing portfolio. [1] The Ministry of Social Policy, later the Ministry of Social Development (MSD), gained a housing policy role in the late 1990s.
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