The Residential Tenancies Amendment Act changed the way that landlords can end both
fixed-term and periodic tenancies.
In New Zealand, we love open plan living which eliminates barriers such as walls and doors that traditionally separated distinct functional areas. The flow that open plan living provides is well espoused by real estate agents as a highly sought-after feature of a property, unless you are trying to comply with the healthy homes heating standard.
The Government passed legislation in March 2020 that temporarily increased the low-value asset threshold for depreciation from $500 to $5,000.
Did you know that if you have not had your rental property assessed for its current level of compliance with the healthy homes standards and it becomes vacant, you will not be able to re-tenant the property until you do? That will be the case from 1 December 2020.
The Residential Tenancies Amendment Act (RTA) 2020 removes the ability of landlords to end a periodic tenancy by giving 90 days’ notice without giving a reason to the tenant. This part of the legislation comes into effect on 11 February 2021.
The new year is a great time to start planning for the year ahead and it's necessary if you're going to meet your obligations under the healthy homes standards. The July 2020 compliance date is less than six months away when you will need to know (and disclose) your current level of compliance with the healthy homes standards.
New Zealand is one of the few countries in the OECD that does not regulate its property managers. Property managers are the gatekeepers of housing for some of New Zealand’s most vulnerable residents.
With home ownership at its lowest level in 60 years and the demand for rentals increasing, the Real Estate Institute of New Zealand (REINZ) is calling on the Government to formally review the need to regulate the property management industry, including public consultation, and announce its recommendations for reform before the 2020 election. Harcourts fully supports this initiative
New Zealanders love their pets. So much so a 2007 survey found we have one of the highest rates of pet ownership in the world. And that means there’s a lot of prospective tenants out there in need of a pet-friendly home.