- GreatPigMember@greatpigJoin Date: 2004Post Count: 284
Just wondering what you think generally about IPs that come with a Housing NZ lease.
I saw one on the Internet that is leased to Housing NZ until October 2007. If the other financial aspects were favourable, would you consider the lease a plus or a minus?
ISTM like it’s three years of guaranteed tenancy. I have no idea at this point of renewal options on the lease.
GPtamaraMember@tamaraJoin Date: 2003Post Count: 56
I guess I would be asking mysself what would happen if Housing NZ were no longer your tenant? How easy would the property be to tenant etc.
TamarawestanMember@westanJoin Date: 2002Post Count: 1,950
i wouldn’t take on a property just because it has a good tennant in place. The area has to be right as does the price and the rental income, a good tenant like yours would be a huge bonus.