Rental Purchase Agreement Template for New Zealand

1. Security Deposit: Terms for security deposit if required, typically used for higher-value items

2. Guarantor: Section for guarantor details and obligations, used when additional security is required

3. Use Restrictions: Specific restrictions on use of property, relevant for specialized equipment or vehicles

4. Assignment and Subletting: Terms regarding transfer of rights, relevant for commercial properties

5. Early Purchase Option: Terms for early purchase completion, if allowed

6. Return Conditions: Specific conditions for property return if purchase option not exercised, important for valuable or specialized items

1. Schedule 1 - Property Description: Detailed description of the property including specifications, condition, and serial numbers

2. Schedule 2 - Payment Schedule: Detailed breakdown of rental payments, purchase price, and credit calculations

3. Schedule 3 - Maintenance Requirements: Specific maintenance obligations and schedules

4. Appendix A - Condition Report: Initial condition report with photographs and descriptions

5. Appendix B - Insurance Requirements: Detailed insurance requirements and minimum coverage

6. Appendix C - Purchase Option Notice: Form for exercising purchase option