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Landlord tip
. Fixed term tenancies offer several advantages over Periodic tenancies. At the start of the tenancy a fixed term will attract only tenants who are serious about renting your property for an acceptable term. You also have control at the termination date. Ask the prospective tenant how long they would commit to a fixed term tenancy ... 6, 9 12, 15, 18 months. You can do this verbally while showing the property or it can be a question on your Application Form. Line the tenancy up with the time of year that is easy to fill your house so you won't have it vacant in the middle of winter or a week before Xmas. If you're signing them for longer than a year, include a clause that allows you to raise the rent. If a tenant wishes to break a fixed term tenancy, a property manager normally shows goodwill and allows them to, so long as they cover the expenses of reletting. This can also include an assignment fee for the cost of your time. You should have a written agreement at this point regarding likely costs to the tenant. A fixed term tenancy automatically becomes a periodic tenancy upon expiry of the fixed term. To prevent the fixed term tenancy becoming a periodic tenancy, either party must give notice to the other that they wish to end the tenancy at the end of the fixed term. This notice must be given no more than 90 days and no less than 21 days before the expiry date.
Landlord tip of the month. If you would like to share a Landlord tip we would love to hear from you at newsletter@tinz.net.nz . 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.
TINZ tips
Lodgements just got easier and quicker! Now you are able to lodge a tenant reference, 14 day notice or TT order directly from 'My Tenant Checks' where we can automate most of the detail. You will now notice a new 'Lodge' option button in 'My Tenant Checks' for each Tenant you have in there. Make your lodgements from there and TINZ will automate all the parts it can. Now its even faster to gain credits and reduce checking costs. Go check 'My Tenant Checks' from the 'My TINZ menu'.
Security: If you have logged in recently you will have been asked to input a security question. As TINZ gets bigger and bigger we need to keep on top of the ongoing quest to keep everything as secure as possible. This security question is tied in with the Forgotten Password facility should you ever forget your login details.
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From the desk of the NZPIF ...
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