Current Category: Tenancy Issues
Insurance
In this uncertain world, it is good practice to obtain protection. Tenants' circumstances can change for any number of reasons, so it is important to reduce the risk to your income. Rent Protection keeps the interest of the landlords safe. Through our dealings with many property investor, we were staggered to find that many were unaware there was even an option to insure this risk.
Rent protection works by extending the dwelling policy to include rent lost following non-payment of rent by t...
posted in: Tenancy Issues, Landlord: Trick of the Trade, Residential Tenancies Act, Insurance
Residential Tenancies Act
In New Zealand, the Residential Tenancies Act covers the landlord-tenant relationship. It gives both landlords and tenants legal rights and obligations. The Act also provides a dispute resolution service by allowing for mediation, and hearings at the Tenancy Tribunal. To read the Act you can: * download a copy of the Residential Tenancies Act [PDF 270 KB, 120 pages] * read the Act and its amendments on the NZ Legislation website [External website]. * buy copies of the Act and its ...
posted in: Landlord Rights and Obligations, Tenancy Issues, Abandoned goods, Department of Building and Housing, Water, Tenancy Bond, Governmental & Regulatory, Residential Tenancies Act, Tenancy Tribunal
Thomas Chin - Political and Regulatory Report July 2010
RESIDENTIAL TENANCIES AMENDMENT BILL – Passed During the month (20 July) the Residential Tenancies Amendment Bill completed its third and final reading stages through Parliament. To recap, the new legislation aims to:
Encourage the development of a rental market that provides stable, quality housing to those who rent their homes
Enable landlords to manage their properties more effectively
Clarify and appropriately balance tenant and landlord rights obligations Key provisions of the legi...
posted in: Landlord Rights and Obligations, Tenancy Issues, Courts and Criminal Matters Bill, NZPIF advocacy, P Labs , Governmental & Regulatory, Enforcing Tribunal orders , Land registration , Warm Healthy Rental Bill , Building & Housing, Land Transfer Act , Residential Tenancies Act, Tenancy Tribunal, NZPIF
Cold weather, HOT DEMAND
Winter is the worst time of the year to be seeking tenants, and this year it is compounded by the effects of the big 'R', Government trimming positions, Universities limiting student numbers, and an increase of properties on the market for rent, particularly in the inner city. If you have a vacancy, you can't just say 'oh well, I'll just wait until the weather warms up and those other factors go away'. No, you need to get a good tenant, and to get them now.
The temptation in winter is to dr...
posted in: Market Rent, Tenancy Issues, Rent holiday, Landlord: Trick of the Trade, Open home, Marketing your property
Residential Tenancies Act Changes
On Tuesday July 20, Parliament passed into law the RTA Amendment Bill, which will come into effect upon the Governor General’s signature.
The following is a summary of the key changes affecting Rental Property Owners, with other changes detailed at the end of the report.
SUMMARY The RTA Amendment Bill has been discussed and argued over for more than six years.
The NZPIF has been involved in the changes to the RTA throughout the entire process and at a high level. We are mostly pleased ...
posted in: Landlord Rights and Obligations, Tenancy Issues, Governmental & Regulatory, Residential Tenancies Act, Tenancy Tribunal, Thomas Chin Report, NZPIF President Report
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