. If your proposed tenant is under 18 years of age they are a minor. They cannot make financial contracts and if they do they can later claim they did not understand the contract you signed with them. There are 2 main Acts in law which you should use as your guide.. Minor’s Contracts Act 1969 and the
Residential Tenancies Act 1986 .
Two possible solutions. Get ratification through the Tenancy Tribunal where a mediator will ratify that they understand, or alternatively have a parent or guardian as guarantor by adding their name to the Tenancy Agreement .
Landlord tip of the month. If you would like to share a Landlord tip we would love to hear from you at email@example.com . We are looking for short sharp 1 or 2 paragraph tips which will help us all. If we use your tip in a newsletter there will be a small gift in the mail in appreciation for your effort.
Some Property Managers ask prospective tenants if they can take an id photo when they fill out the Tenancy Application form. A close up photo of a drivers licence is always good. If you are doing this you are able to load the photo onto TINZ when you are checking your prospective tenant. For doing this you will receive a small discount off the cost of the check. It is interesting to note that the Courts request Debt collection agencies to supply photographs of debtors, which along with D.O.B. make for a very positive identification. And don’t forget to keep your Tenancy Application privacy waivers for a minimum of 6 years – even if you don’t take them as a tenant. Any privacy complaint will always require our members to provide these waivers when requested.
LOVE TINZ ?
We would like to say thanks and reward
the next time you refer a friend.
Suggestions? Many improvements made on the website are directly linked to suggestions from members. If you think we could do something different or better we would love to hear from you in our Suggestion Box.
TINZ appreciates support and endorsement from..
From the desk of the NZPIF ...
Keep children safe in all households
Investor group welcomes IRD targeting property speculators
We are always happy to hear from you and assist in any way we can.