Section (55)(1)(aa) of the Residential Tenancies Act 1986 (RTA) provides landlords with an additional option for responding to rent arrears during a periodic tenancy.
A well-functioning residential tenancies market is vital to ensuring New Zealanders have access to secure, healthy and affordable housing. Residential property managers play a significant role in that market, managing over 40% of New Zealand’s rental accommodation. The market has grown in recent decades and now houses nearly one in three New Zealand households.
Your home is likely to be one of your biggest financial assets, but often it’s also the place you raised your children and spent many happy hours with friends and family. Selling your home can evoke strong emotions, but here are a few strategies to help you keep those emotions in check and achieve the best result.
In last month’s edition of Property Management Focus, we highlighted some key parts of the Residential Tenancies Act 1986 (RTA) that both private landlords and professional property managers are required to abide by.
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.
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.
There has been a lot of media attention on the property management industry as most of the changes to the Residential Tenancies Act 1986 came into effect on 11 February 2021. Unfortunately, as with any change, there has been some misinformation circulating.
The 1 July 2021 deadline is now only a few months away. This is the date that residential rental properties must comply with the Healthy Homes Standards, within 90 days of any new or renewed tenancy.