APIA Blog

RSS Feed

Will increasing the rent give rise to a mandatory obligation to disclose insurance details

Thursday, October 10, 2019
 

This week's question comes from Peter (paraphrased):  

In the case of an ongoing periodic tenancy that started before 27th August 2019, does the landlord's obligation to disclose insurance details to tenants become mandatory after a rent increase?

To answer this question, we've turned to Kristine King from Duncan King Law.

'Section 13A(F) requires that the insurance statement is included in new tenancy agreements from when the Act came into force.

For existing tenancies, the information or statement is only required if a tenant requests.

13A (1CB) of the Act deals with the Healthy Homes statement / Insulation statement when any tenancy is “varied and renewed”.

The terms varied and renewed are not defined in the Act.

It appears that 13A(1CB) doesn’t apply to the insurance statement. However, we would recommend that any renewal or variation of the term from now on be treated as a variation and renewal and the insurance statement should be supplied along with HHS Intention statement and Insulation statement.'


Do you have any tenancy related questions? Write to us at admin@apia.org.nz or hit us up on our social channels here and here

Recent Posts


Tags

smoke alarm ird letting fee Landlording trademe rta reform auckland council meth reserve bank damage Market report ventilation winz ask an expert Jeff Bezos cash-flow Guest blog development landlord tenancy tribunal twg report tenancy issues advice shower dome lvr buyer's agent debt enforcement election 2017 sublease return Investor story building letting property value HSWA Question and answer Must knows ocr relationship maintenance property maintenance data security TCIT equity extractor fan interest rates personal growth ring-fencing airbnb sale and purchas trespass capital gain property management wins gluckman report heater auckland Kris Pedersen Mortgages and Insurance LIM trust Editor's Choice insurance first home buying HHGA buying interest only market meth contamination skill shortage privacy HHS banking unitary plan tenancy services rent increase property cycle management housing bubble asbestos business scotney williams productivity Q&A anz television bond form subdivision property holiday house rent warm up new zealand government insulation parry v inglis Property (Relationships) Act nzpif house prices negotiation DTI short-term rental How to Holler RBNZ beginner investor Gluckman rta cat housing affordability warren buffett partners Standards New Zealand finance structure p lab tax initio principal and interest CoreLogic legal clnz Sponsored post RTAA 2019 renovation water bill inspection tenant Must know bond fixed-term tenancy education income minor dwelling investment strategy speculator off the plan sale and purchase rental wof bad tenant termination investor rental market market rent Tribunal case study CCC boarding house mortgage worksafe rent arrears watercare wealth creation buying rules financial advisers act cgt positive cash flow robert kiyosaki Investment tip heating

Archive

Introducing Our Partners
Principal Sponsor - Kris Pedersen Mortgages & Insurance logo Gold Sponsor - Barfoot & Thompson logo Gold Sponsor - CoreLogic logo Property Apprentice logo The Insulation Warehouse logo The Renovation Team logo The New Zealand Property Investors' Federation logo
09 360 2376
info@apia.org.nz

The Tenancy Practice Service and TPS Credit Control work closely with the Auckland Property Investors' Association. Our vision of bringing helpful resources, documents and high quality services to Auckland Property Investors and Property Managers is shared by APIA, so its a partnership that works well. 

The Auckland Property Investors' Association is a great organisation for those who want access to advice and information from a range of industry experts and partners. 



Mathieu Holt- Managing Director, The Tenancy Practice Service & TPS Credit Control
Through the Association I found the channels and methods to fund the purchase of property I never dreamed about. Grant Brown

All round it has been one of those things Neil and I felt was really worthwhile belonging to. We have learned so much it has just built our confidence in what we are doing.

Janice Bieleski
I read two articles in the monthly magazine that saved me over $5,000. That is my membership fee for the next 26 years and I am sure I will learn a whole lot more! John Duncan
Fantastic organisation. The networking opportunities are brilliant and provide us with information and opportunities that cannot be obtained anywhere else. We learn something new at every meeting and we've been in this game for nearly 20 years. Pauline and Gyanen Kumar

I find the information obtained from various APIA meetings very useful in guiding my own property investment and rental management.  I also enjoy the networking opportunities with like-minded investors.  I am inspired by other investors’ success and find the more experiences and knowledge that I share with others, the more confident I become.  

Thanks to all APIA event organizers and administrators for your brilliant work. 

Stella Shao

I like talking to people and learning from their experience because it gives me the confidence to invest well. I think it is a knowledge thing. I now know I am doing things the right way.

Stephen Weatherall

My APIA membership has become a total success.

Every time I attend a monthly or regional meeting I come away with so many useful and positive tips that have added value to my property investments and management.

Not only that, the website is a great place for practical advice and useful information. It has now evolved into an important resource for my business.

Talk about value for money! The discounts I have been getting at Bunnings when I present my APIA membership card have more than paid for my annual subscription!

Tim Duffett, Plan A Investments Limited