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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).
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.
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]
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
This is a list of statutes of New Zealand for the period of the Fifth National Government of New Zealand (19 November 2008 to 26 October 2017). This list is incomplete ; you can help by adding missing items .
Business.govt.nz is the New Zealand Government's online resource for small businesses. It aims to "help Kiwi businesses save time and succeed" by providing tools, resources and advice from government and industry. [1] Business.govt.nz is managed and maintained by a team working in the New Zealand Ministry of Business, Innovation and Employment.
The economic value of bond insurance to the governmental unit, agency, or other issuer of the insured bonds or other securities is the result of the savings on interest costs, which reflects the difference between yield payable on an insured bond and yield payable on the same bond if it was uninsured—which is generally higher.
An estoppel certificate provides confirmation by the tenant of the terms of the rental agreement, such as the amount of rent, the amount of security deposit and the expiration of the agreement. [5] Further, the estoppel certificate may give the opportunity to the tenant to explain if they may have any claims against the landlord, which may ...