By Lawrence Watt There is hesitation in the New Zealand housing market. Some of it is fuelled by legislative changes, such as the extension to the bright-line test and the foreign buyer ban. And some of it is fuelled by events in Australia, where house values have dropped 10 per cent and major financial institutions Read more about Property market forecast: What the experts expect[…]
By Tim Grafton Summer’s arrived and a good number of Kiwis will either be on holiday at baches, family homes and campgrounds around the country or looking forward to heading there soon. And for many of those taking a holiday away from their house, the idea of renting it out for the break on a Read more about The pitfalls of renting out your home over the summer[…]
Life for rental property owners may become tougher as Labour’s newbie Housing Minister Phil Twyford tries to “make life better for renters”, Stop the War on Tenancies founder Mike Butler warns. The current raft of proposed tenancy reforms comes on top of what is essentially a 10-year war against the owners of rental property. Concerns Read more about War on tenancies should stop[…]
“There are some tenant groups who believe a landlord should never be able to end a tenancy unless the tenant is not meeting their obligations such as paying the rent.”
New Zealand’s 1.5 million tenants in the country’s 546,000 rental properties could be subject to a new three strikes pre-eviction policy under a proposal from the country’s largest landlord group.
Landlords can increase rent if the tenancy agreement allows this. They must give the correct notice and meet certain conditions. The rent can also be reduced in certain situations.
Discrimination happens when someone is treated unfairly or less favourably than another person in the same or similar circumstances. Discrimination is unlawful under the Residential Tenancies Act when it is in contravention of the Human Rights Act.
The demand for rentals is growing at three times the rate of home ownership in New Zealand, a new study says. In its new paper ‘Beyond Renting’ by the Salvation Army’s Social Policy and Parliamentary Unit, the effectiveness of the Government’s KiwiBuild initiative is called into question.
An Auckland landlady thought her nightmare ended when she managed to evict a “tenant from hell” from her $2 million St Heliers rental property. Instead, it got worse after occupants who the tenant had sublet the house to refused to move.
New landlords often make rookie mistakes. In the hope of avoiding the cost of paying for the services of property managers many choose to source and manage their own tenants. Some will succeed, but others fall into a number of common traps for new players.