Lockdown Means Potential Selldown Property investors are being hit by a “perfect storm” that is predicted to drive many out of the market during the lockdown. Rents have been frozen and evictions are on hold for the next three months as the country responds to the Covid-19 outbreak and lockdown. Tenants can still terminate their Read more about Lockdown ‘final straw’ for worried property investors[…]
Bad Tenants – banning the ability to evict them – below is an article that is another reason (one of many) as to why you need an experienced property manager to look after your investments.
Auckland’s housing crisis is now so bad the Mayor wants to try and convince people with empty investment properties to let homeless people live in them. They’re what are known as “ghost-houses” and they’re becoming more and more common. Now there’s a push to get homeless people into them due to how limited supply is. Read more about Push for people to allow homeless to live in empty investment properties[…]
Renters taking their landlords to court for breaking insulation laws have pocketed more than $124,000 in fines. Health experts and a leading property manager have praised the fines, saying there could be up to 10 times more landlords still breaking the laws. But landlords say the number of fines was smaller than expected. Renters won Read more about Renters pocket $124,000 as landlords fail to insulate rentals[…]
It didn’t need to end this way. Damaged exterior cladding, walls, ceilings and kitchen drawers, broken glass, plus new carpet needed in two bedrooms and the hallway.
A $26,358 repair bill.
Landlords should be concerned By Andrew King Neighbourhoods will have to put up with antisocial, loud and offensive behaviour from difficult tenants if the Government removes the 90-day notice period for evictions. The Government is considering this move as part of an extensive review of tenancy laws, including allowing tenants to make modifications to their Read more about Tenancy plan a worry for landlords and neighbours[…]
A landlord who provided “unrequested and unwanted life advice” has been ordered to pay her tenant $1530 in damages. Tenancy Tribunal Adjudicator Bernadine Hannan said landlord Christina Liu, who rented her Mt Eden Rd property in central Auckland out as a boarding house, gave the advice as part of an increasingly tense tenancy between herself and Jianing Read more about Landlord who provided ‘life advice’ punished[…]
About the healthy home standards In December 2017, the Government passed the Healthy Homes Guarantee Act Regulations 2017. This Act amended the Residential Tenancies Act, and enables standards to be made to make rental homes warmer and drier. The standards set minimum requirements to create warmer, drier rental homes (the healthy homes standards). Heating standard Read more about Healthy Homes Guarantee Act Regulations 2017[…]
An Auckland family whose rental property has been illegally occupied by gang members since May have little choice but to wait for their day in court, legal experts say. Ravina Prasad and Neelesh Chandra have been trying for eight months to remove the squatters from their house on Albert Street, Otahuhu. Police told them the Read more about Auckland house being occupied by Black Power gang members[…]
Tenants paying $1200/week for an executive property in an affluent Auckland suburb won $4000 and a reprimand for their absentee, offshore landlord about obligations under New Zealand law. The Tenancy Tribunal awarded St Johns tenant Aaron Ballard $4020.44 for many problems at the home which property records show is owned by Yunzhang Zou and is Read more about Tenants win $4k payout, landlord warned[…]