New Zealand Law
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It is not compulsory to have a lease if you don't want one. That applies whether you are an owner or not. There can be advantages in having a lease if you want to ensure that you have all of the relecvant expenses for your tax returns, but it's not essential. Sometimes a lease will add value to the building, when you sell, and can assign the lease. But this is all voluntary and not compulsory at law.