Private landlords and professional property managers are bound by the regulations and laws under the Residential Tenancies Act 1986 (RTA) amended by the Residential Tenancies Amendment Act 2020, Residential Tenancies (Healthy Home Standards) Regulations 2019, and the Housing Improvement Regulations 1947.
Topics: Property Management, Residential, Landlords, Tenants
Every year we are asked for an opinion on the future outlook for the market. In fact, this question is asked of real estate agents every day! This year is an interesting time to assess what the future market will look and act like, especially as at the time of writing, I am in level 4 lockdown in Auckland!
Topics: Market Update, PropertyFocus
The Residential Tenancies Amendment Act 2020 broadened the Tenancy Tribunal’s jurisdiction and administrative powers. This included introducing infringement fees for landlords and property managers who do not adhere to the Residential Tenancies Act. These are in addition to an increase in exemplary damages that can be awarded by the tribunal to either landlord or tenant, payable by the other party.
Topics: Property Management, Landlords, Tenants, compliance
The two remaining provisions that were due to come into effect on 11 August 2021 (12 months after the date of Royal Assent) have been delayed.
Topics: Property Management, Residential, Landlords, Tenants
Substantial increases in the sale of farm equipment this year have reflected a continuing catch-up in on-farm vehicle investment as farmers look again to the future…but there’s a warning of an ongoing sting in the tail.
Topics: Rural & Lifestyle Properties
If you are the owner of a lifestyle block worth more than $1 million and looking to sell, you now need to be aware of a new law known as the ‘Purchase Price Allocation Rules’.
Topics: Rural & Lifestyle Properties
Under the Residential Tenancies Act, landlords must comply with all legal requirements relating to buildings, health and safety that apply to the premises. They must also ensure that the premises can legally be lived in at the start of a tenancy.
Topics: Property Management, Landlords, Tenants
It is an unlawful act not to include a statement that details the current level of compliance with the healthy homes standards in any new or renewed tenancy.
Topics: Property Management, Landlords, Tenants
When selling a business, it is important that any statements regarding the business are accurate. Generally, a statement as to possible future events is regarded as being an opinion, which is not typically actionable if it turns out to be incorrect. However, in some circumstances an opinion can amount to a negligent misrepresentation. The following is a case example.
Topics: NAI Market Leader
Once again, Harcourts New Zealand has dominated the (REINZ) Real Estate Institute of New Zealand’s National Real Estate Auctioneering Championships with four of our own taking top honours ahead of scores of competitors in two days of intense competition.
Topics: Home Buyers, Selling, Advice, Winter, property focus, Buyers market