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The Personal Property Securities Register (PPSR) is an electronic register that allows security interests in personal property to be registered and searched in accordance with the New Zealand Personal Property Securities Act 1999 [1] (the Act) and the Australian Personal Property Securities Act 2009. [2]
Also in February 2018, the REA launched settled.govt.nz, an independent and comprehensive government website for property buyers and sellers. In 2011, REAA increased the operating levy from $494 per annum to $690 per annum, excluding GST .
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. [1]
The New Zealand Companies Office (a service of the New Zealand Ministry of Business, Innovation and Employment) is a government agency that provides business registry services in relation to corporate entities, personal property and capital market securities. It delivers nearly all its services through electronic systems and the internet.
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).
Toitū Te Whenua Land Information New Zealand (LINZ) is the public service department of New Zealand charged with geographical information and surveying functions as well as handling land titles, and managing Crown land and property. The minister responsible is the Minister for Land Information, and was formerly the Minister of Survey and Land ...
An LTC is the same as the traditional limited liability company (LLC), established in accordance with the New Zealand Companies Act of 1993, apart from taxation of the company's income. An LTC is unlike a typical company in that the income and expenditure of the company are expressly in the hands of the shareholders.
A credit tenant lease (also known as a "bondable lease") is a method of financing real estate. [1] [2] A "credit tenant lease" is a lease from a landlord to a tenant that carries sufficient guarantees that lenders will perceive the rent cash flows from the lease are as reliable as a corporate bond. This typically requires that the tenant have ...