Part 1State houses
Disposal of State housing land
16Sale of State housing land
Subject to any direction of the Minister, any State housing land may be sold for cash or under an agreement for sale in such manner, at such price, and on such terms and conditions as Kāinga Ora–Homes and Communities thinks fit.
Without limiting the power of Kāinga Ora–Homes and Communities to fix the selling price or the terms and conditions of sale in connection with any such sale, it is hereby declared that Kāinga Ora–Homes and Communities may—
- allow discount at such rate as it thinks fit on any money so paid in excess of a minimum deposit, and on any principal money paid in respect of the selling price in excess of the payments of principal for the time being due in respect of the sale:
- allow the remission of the whole or any part of the unpaid balance of the selling price on the death of the purchaser or of any other specified person whom Kāinga Ora–Homes and Communities considers to be the wage earner of the purchaser's household before the purchaser or specified person attains an age to be fixed by Kāinga Ora–Homes and Communities in consideration of a payment of such amount, or of an increase of the selling price by such amount, as Kāinga Ora–Homes and Communities may determine:
- make the sale conditional on the land not being sold within a specified period fixed by Kāinga Ora–Homes and Communities without the land being offered to the Crown at a price to be agreed upon or determined by arbitration:
- make the sale conditional on the purchaser remaining the sole owner of the land for a specified period fixed by Kāinga Ora–Homes and Communities, and on the purchaser residing and making his home in a dwelling erected on the land and not parting with the possession of it during that period; and may permit these conditions to be fulfilled, in the event of the purchaser's death, by a specified member of the purchaser's household approved by Kāinga Ora–Homes and Communities either at the time of sale or subsequently:
- allow a reduction of the rate of interest on the whole or any part of the purchase price, and a remission of interest on such part of the purchase price as Kāinga Ora–Homes and Communities thinks fit, while the terms and conditions of the sale or any specified terms and conditions are being fulfilled:
- allow a remission of part of the purchase price if the terms and conditions of the sale or any specified terms and conditions are complied with for such period as may be fixed by Kāinga Ora–Homes and Communities:
- accept as security for any part of the purchase price a mortgage in favour of the Crown.
Compare
- 1950 No 93 s 23
Notes
- Section 16(1): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
- Section 16(2): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
- Section 16(2)(b): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
- Section 16(2)(c): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
- Section 16(2)(d): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
- Section 16(2)(e): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
- Section 16(2)(f): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
- Section 16(2)(g): inserted, on , by section 2 of the Housing Amendment Act 1980 (1980 No 114).