Vega, in partnership with eGuarantee - a leading provider of secure online bond guarantees from Australia, now offers a fast, secure, and cost-effective alternative to traditional lease bonds for New Zealand’s commercial and industrial leasing sector. Instead of cash deposits or bank guarantees, tenants can now provide a digital lease bond, offering landlords the same level of protection with less hassle.
Benefits for tenants:
This online solution allows tenants to free up capital, avoid bank processes, and gain approval quickly. Lease bonds typically cost 3–5.5% of the bond value annually, with no need to post collateral. The process is simple and handled entirely by Vega, including the credit check.
Eligible businesses must have at least two years of profitable trading and a minimum annual rent of $50,000. The bond covers the lease term, and the system is ideal for both small and large enterprises seeking long-term leases.
Benefits for landlords:
For landlords, eGuarantees reduce risk and streamline administration while attracting a broader base of tech-savvy tenants. The entire process is paperless, fast, and convenient, transforming how lease security is managed in New Zealand.
Vega is proud to lead the rollout of this proven Australian solution into the NZ market, offering real benefits for both tenants and landlords.
