National Rental Affordability Scheme (NRAS)

What happens at the end of the 10-year NRAS Period?

Disposal of your NRAS Allocation

Selling your NRAS Property

Buying an investment with NRAS

Tax Incentive Claims – 2020-2021 NRAS Year

Disposal of your NRAS Allocation

As an NAHC-NRAS investor, you may choose to sell your NRAS property and pass the incentives on to the new buyer. In order to do this you must follow the process detailed in your NAHC agreement and the relevant property and tenancy laws.

Generally, this process includes the following steps:

1. You must provide appropriate notice of the sale to NAHC, the property manager and the tenant. The notice period to NAHC and the Property Manager is six months for a head lease agreement or three months for a Delivery Agreement. Notice periods to tenants is strictly controlled under legislation and NAHC agreements;

2. The transaction must be completed as efficiently as possible; and,

3. All involved parties must pay their obligated fees and charges.

If you intend to sell please email NAHC at [email protected] Once notice is received NAHC will provide further detailed information including approximate costs.

If you are selling to another NRAS Investor (i.e. the property will remain in the NRAS Scheme) your NRAS Agreement is transferred to the buyer and your tenant may remain in the property. The Government Incentives will be divided pro-rata between parties.

If you are selling outside of NRAS, your NRAS Agreement must be terminated prior to settlement. Your tenant must be provided suitable notice to vacate before settlement and Government Incentives will be payable until the date the NRAS Agreement is terminated.

For more information on buying or selling NRAS, please contact our compliance team at [email protected]