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CONSUMER CREDIT (VICTORIA) AND OTHER ACTS AMENDMENT ACT 2008 (NO. 6 OF 2008) - SECT 28

Act applies to rent-to-buy contracts

At the end of section 6 of the Residential Tenancies Act 1997 insert

    "(2)     Despite subsection (1), this Act applies to a fixed term tenancy agreement in respect of premises whether or not the initial term of the tenancy agreement exceeds 5 years if—

        (a)     the tenancy agreement or another document gives to the tenant a right, or an option, to purchase the premises; and

        (b)     the tenancy agreement is not a tenancy agreement of a kind referred to in section 13; and

        (c)     the tenancy agreement is entered into after the commencement of section 28 of the Consumer Credit (Victoria) and Other Acts Amendment Act 2008 .".

__________________

See:
Act No.
6975.
Reprint No. 12
as at
1 February 2004
and amending
Act Nos
92/1990, 103/2004, 10/2005, 18/2005, 69/2006, 75/2006, 85/2006 and 17/2007.
LawToday:
www.
legislation.
vic.gov.au



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