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Residential Tenancies Amendment Bill (No 2)

23-Aug-2019 06:38:15 Share this:

New tenancy legislation was passed on 30 July 2019 which will affect landlords and tenants. These changes take effect on 27 August 2019. The bill amends the Residential Tenancies Act 1986 (RTA) and addresses tenant liability for damage, unlawful residential premises and contamination of rental properties.

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Topics: Industry Update, Property Management, legislation

Building wealth through property investment

26-Jun-2019 06:28:11 Share this:

Owning property is an excellent way to build wealth. Historically, property has been a less volatile investment with real estate values invariably tracking upwards over time. What’s more, you have the added benefit of being able to “leverage” your existing real estate investment to buy an investment property using borrowed money and grow your property portfolio even further.

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Topics: Industry Update, Property Management, Property Management Focus

Landlords and Property Managers: We are in this together – Exemplary Damages

31-May-2019 07:30:00 Share this:

In recent Tenancy Tribunal cases, adjudicators have awarded exemplary damages against both landlords and property managers when there has been a failure to provide and maintain premises in a reasonable state of repair. This will be extended to include failure to meet the new insulation standards from 1st July 2019.

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Topics: Industry Update, Property Management, Property Manager, Harcourts Property Manager

Healthy Homes Standards - What you need to know

07-May-2019 06:38:27 Share this:

There is some trepidation amongst private sector landlords at the prospect of meeting the new healthy homes standards for rental homes that have been set by our Government. However, we must not lose sight of why these minimum standards have been created and what they will ultimately achieve.

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Topics: Property Management

What Expenses Can You Claim as a Rental Property Owner

06-May-2019 12:39:11 Share this:

With the 2018/2019 financial year now over, it‘s necessary to ensure that you are claiming the correct returns before the tax window closes on 7th July. Any expenses that you claim must  only relate to the costs that you incur when generating the rental income and not include any private expenses.

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Topics: Property Management

Insure your investment

05-May-2017 07:22:07 Share this:

One aspect of owning a rental property that’s too often overlooked by owners is the need for landlord insurance.

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Topics: Property Management, Residential, Renting, New Zealand

Landlord's guide: Choosing good tenants for your investment property

01-Jun-2015 20:03:00 Share this:

No one wants to find themselves in a situation where they are caught with problem tenants. The trick to making sure that never happens, is to vet tenants well in the first instance, so you're not setting yourself up for any surprises.

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Topics: Property Management, Property Investment, Investment Property

Landlords - Your Obligations When It Comes To Smoke Alarms

03-Dec-2014 22:22:00 Share this:

Each year the New Zealand Fire Service attends around 3,500 house fires and at 80% of these smoke alarms were not installed or were not working.

The Residential Tenancies Act 1986 does not have specific sections requiring landlords to provide smoke alarms, however all properties must comply with the Building Act 2004.

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Topics: Property Management, Property Investment, Investment Property