More assistance for tenants and termination restrictions lifted Usual termination rules will now apply from 26th June 2020. The removal of these temporary measures allows landlords to give termination notices to tenants under the standard Residential Tenancies Act 1986 provisions. Usual notice periods will apply from the date notices are given. Landlords who have had fixed-term agreements rollover can now send notices to terminate these tenancies. 19-06-2020 more >>
Extension for Healthy Homes Compliance Statement requirement Sharon Cullwick, NZ Property Investors Federation (NZPIF) Executive Officer, welcomes the extension by the Government of the deadline requiring landlords to provide Healthy Homes Compliance Statements. The original date was the 1st July 2020 and this date has been extended until the 1st of December 2020. 04-06-2020 more >>
Increase in housing is being hindered Of the 270,000 rental houses in New Zealand, 90% are provided by the private rental sector with only a small percentage available through Housing New Zealand and other community-based organisations. Although any house available for rental is a help, having an excess supply of these is the only way to solve the current issue. 20-05-2020 more >>
Students fight for their right to party Verbal submissions were made today to the Social Services Select Committee looking into changes to the Residential Tenancies Act. A section of the Act gives tenants the right to perform up to eight significantly disruptive acts a year, and, as long as there are not more than two of these in any one three month period, it will not be until the end of that year that their landlord can apply to have their tenancy ended with three monthsâ€™ notice. 17-04-2020 more >>
Delay ring-fencing and save lives Covid-19 relief package from the Government includes increasing the threshold from $500 to $5,000 which will determine which assets can be written off as expenses for the 2020/21 tax year. 01-04-2020 more >>
Record rental prices Rental price statistics for February 2020, just released, show an all-time highest average national rental price of $480 per week. This compares with $460 in February 2019 and $440 in February 2018. 11-03-2020 more >>
Landlords - have you ever thought of yourself as a criminal? "Landlords, do you realise that under the proposed changes outlined in the Residential Tenancy Amendment Bill, currently before the Social Services and Community Select Committee, you now have a much higher chance of being charged with criminal offences regarding your rental property?" asks Sharon Cullwick, Executive Officer of the NZ Property Investors' Federation (NZPIF) 05-03-2020 more >>
Government Bill puts neighbours at risk The Government has today released a new Bill aimed at improving the lives of tenants. â€œOne aspect will only make it easier for antisocial tenants to ruin the lives of their neighbours. Another will allow tenants to decide if they will stay at a rental property even if the landlord wants to end the tenancy,â€ says Andrew King, Executive Officer of the NZ Property Investorsâ€™ Federation (NZPIF). â€œThe NZPIF has joined forces with the REINZ in opposing these two aspects of the Bill.â€ 17-02-2020 more >>
Annual rent movement highest in 11 years "High rental price increases should not come as a shock to anyone", says Andrew King, Executive Officer of the NZ Property Investors' Federation (NZPIF). "While Statistics NZ has pointed to the Healthy Homes legislation, this is only one change that has pushed rental prices higher." 25-01-2020 more >>
Neighbours from hell will increase A Christchurch motel owner has had to put up with what he describes as "neighours from hell", despite police, Corrections, the SPCA and dog control trying to help. The motel owner is the latest victim of antisocial tenants. 27-11-2019 more >>
Landlords will not be able to protect neighbours Government has announced a raft of changes to the Residential Tenancies Act. The Minister has said he does not want to be seen to unduly punishing landlords. These changes do more than punish landlords however. They will punish anyone living next to a tenant with antisocial behaviour.Â 17-11-2019 more >>
Government considers extending failed HNZ policy to private rentals Neighbours and communities around New Zealand are having their lives ruined by the antisocial activity of some Housing New Zealand (HNZ) tenants. Government is currently considering extending the policy to private rentals that allows this to happen. Many more neighbours will suffer if private landlords are not allowed to manage their properties effectively. 12-11-2019 more >>
Neighbours at risk from uncontrollable tenants Government is considering changes to tenancy law that will make it harder for rental property providers to manage unruly tenants, many of whom make their neighbours lives hell.
â€œThe NZ Property Investorsâ€™ Federation (NZPIF) is extremely concerned that more neighbourhoods will become domestic war zones, as happened in Motueka, if the right to issue no stated cause notices is removed" said Andrew King, Executive Officer of the NZPIF. 18-09-2019 more >>
Kiwibuild reset a good idea â€œThe Kiwibuild reset is a good ideaâ€ says Andrew King, Executive Officer of the NZ Property Investorsâ€™ Federation (NZPIF).
However, providing $400,000,000 of taxpayer money to get â€œup toâ€ 4,000 people into home ownership appears to be a very expensive investment. How will the lucky 4,000 be chosen and what about all the others who aspire to home ownership? 04-09-2019 more >>