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Credit Contracts and Consumer Finance Act 2003

Consumer leases, credit-related insurance, and buy-back transactions of land - Buy-back transactions of land

77: Variation disclosure of buy-back transactions

You could also call this:

"Telling people about changes to land buy-back deals"

Illustration for Credit Contracts and Consumer Finance Act 2003

If you are involved in a buy-back transaction of land, you need to know about changes. When the parties agree to change the transaction, you must tell every occupier about the change. You must tell them before the change happens.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM213150.

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Topics:
Housing and property > Buying and selling homesHousing and property > Land use
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76: Interest of occupier is caveatable interest, or

"If you're living on land you're buying, you have rights to protect your interest in it."

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Part 3Consumer leases, credit-related insurance, and buy-back transactions of land
Buy-back transactions of land

77Variation disclosure of buy-back transactions

  1. Every transferee under a buy-back transaction must ensure that disclosure of the full particulars of a change to the transaction is made to every occupier under the transaction if the parties agree to change the transaction.

  2. Disclosure under this section must be made before the change takes effect.