Changes to Residential Tenancies Act now in force
The Government’s controversial tenancy law reforms are now law after the Residential Tenancies Amendment Bill 2020 received Royal Assent on 11 August 2020. This means there will be a number of changes to the Residential Tenancies Act 1986 which will affect both tenants and landlords. (Source: Landlords.co.nz)
Persistent Residential Tenancies Act breaches cost landlord
Christchurch landlord Krishna Rani Saha has been ordered to pay a total of $8,515.84 by the Tenancy Tribunal as a result of 36 applications brought forward by MBIE's Tenancy Compliance and Investigations Team (TCIT). (Source: Tenancy.govt.nz)
New rental laws will have unexpected outcomes
Some of the tenancy law reforms will have unintended consequences and cause more harm than good, REINZ is warning. However, REINZ does welcome some of the positive provisions in the reforms. These include the banning of rent bidding, limiting rent increases to once a year and enabling tenants to make minor changes to a rental. (Source: Landlords.co.nz)
Homegrown chatbot shows renters want to know their rights
Covid-19 fears and tenants’ rights are worrying renters most, according to a homegrown artificial intelligence tool. Rentbot.nz was set up by Wellington Community Law as a useful way of providing information for people in need, according to Citizen AI director Matthew Bartlett. (Source: Stuff.co.nz)
Tenancy Risk Score
Unique to the Property Management industry, illion Tenancy introduced a new benchmark for tenant checking by combining of credit bureau data plus tenancy data into an easy to read, easy to understand, comprehensive and accurate Tenancy Risk Score (TRS). Along with the TRS will be the Tenancy Risk Report showing the relevant information which is contributing to the score.
|
