15-Aug-2019
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14-Feb-2019
The Government wants to ring-fence rental losses. What can you do about it?
Make a submission of course! Let's be clear. At the time of this piece, ring-fencing is not a done deal. There is still time to push back and affect the Government's legislative agenda. Submission on this issue closes 28th February 2019. It is our opinion that, in its present form, the proposal will have far-reaching consequences many of which are unfavourable to investors, their tenants... read more
11-Feb-2019
How much will the TCIT tell you?
We recently covered the oversight power of the Tenancy Compliance and Investigation Team ("TCIT"). In the course of posting that information, we thought it helpful to drill down into the level of disclosure a landlord/property manager is to expect if he/she is to become a subject of the TCIT's investigation. No mental arithmetic or theoretical acrobatics necessary. It is easier to jus... read more
18-Oct-2018
Peter Lewis: What landlords need to know about meth contamination
There has been a lot of confusion and debate about acceptable standards of methamphetamine contamination in rental housing. When the problem first surfaced, it was generally held that any level of meth in a property was a breach of the landlord’s requirement to provide a clean and safe house at the start of the tenancy. Several Tenancy Tribunal rulings at that time imposed large ... read more
25-Sep-2018
Peter Lewis: Important information for all landlords
There are two pieces of legislation currently under consultation which will dramatically affect all residential landlords. These are the proposed amendments to the Residential Tenancy Act (RTA) and the Health Homes Guarantee Act. Just some of the suggestions from tenancy advocates that could be made to the RTA include: removal of any ability for a landlord to terminate under a 42-d... read more
23-May-2018
Read this before you buy your first property
Buying your first ever property, be it a home or a rental, is as exciting as it is intimidating. Chances are this is the biggest financial commitment you've ever had to make. Feeling anxious is part of the process but that doesn't mean your nerves should get to you. Before you dive into the world of property, familiarise yourself with these commonly used terms courtesy of our good fri... read more
19-Mar-2018
Peter Lewis: Progress on The Methamphetamine Contamination Issue
After considerable discussion and input from a number of interested parties including the Property Investors Federation, the New Zealand Standard NZS 8510:2017 on the testing and decontamination of methamphetamine contaminated properties was released in August last year. Most landlords want to provide properties that are safe and secure for their tenants, but are naturally also concerne... read more
21-Nov-2017
Parry reversed - Tribunal activism gone too far?
Considering the tremendous stress Anderson v FM Custodians Ltd has had on the landlord community, Vic Inglis’ successful appeal at the District Court is nothing short than an extraordinary, and much needed, relief. In September this year, Mr. Inglis was ordered by the Tenancy Tribunal (citing Anderson as authority) to refund his former tenant, Natalie Parry, nearly $11,000 of ren... read more
09-Nov-2017
Asbestos - the invisible threat to your property
Asbestos-related illness is the number one cause of death in New Zealand workplaces. For that reason alone, the government will require, from April 2018, for all properties undergoing major renovation to be checked for asbestos. This will have significant impact on property investors who are likely to become PCBUs during renovation projects. Related article: Health & safety... read more
05-Nov-2017
Ouch! Absent or defective insulation statement could set you back $500
From 1 July 2016, all new residential tenancy agreements are required to include a signed insulation statement detailing the extent of insulation in the property. At the time of passage, this requirement was seen by many as a bureaucratic intermediary in anticipation of universal insulation by 2019. But if its recent orders are anything to go by, it is apparent that the Tribunal has... read moreRecent Posts
- RTAA 2019 - a partial reversal of Holler
- Hardwired smoke alarms at rental properties
- Extending fix-term tenancies
- Peter Lewis: Selecting a new tenant
- Template certificate for rental insulation
- Is a shower dome HHS friendly?
- HHS Compliance #2: Insulation requirements at a glance
- HHS heating standards for tenants on Globug
- HHS Compliance #1: Heating requirements at a glance
- Peter Lewis: On the shortage of residential rentals
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