27Equity purchase agreements

#### 27 Equity purchase agreements 27 Equity purchase agreements > > (1) A residential tenancy agreement that is entered into by a tenant with a person or persons and that forms part of an equity purchase agreement is exempt from the operation of the Act. > > > (2) In this clause— > > > > equity purchase agreement means a series of agreements that include a residential tenancy agreement and provide for— > > > > > (a) the initial purchase by the tenant, as a tenant in common, of not less than 20% of the owner’s interest in the residential premises, and > > > > > (b) the further purchase by the tenant, from time to time, of a greater percentage of the owner’s interest in the premises.