SEPTEMBER 2018
NEWSLETTER

COMING UP IN THIS EDITION

 

SUMMER RENT RISE STARTS EARLY
 Warnings of rent rises prompted by housing policy changes are rife but the latest Trade Me Property data shows rents are already hitting record highs.
The national median weekly rent remained at a record high of $480 for the third month in a row in August, according to the Trade Me Property Rental Price Index.
This was an increase of 6.7% on the same time last year and, further, every region in the country saw an annual increase in rents in August.
The rising rent trend was most pronounced outside of the three main cities. Once they were excluded, the median weekly rent was up by 10.5% on last year to an all-time high of $420 in August.
(Source: Landlords.co.nz)

 

LANDLORD GROUP EMBARKS ON ALTERNATIVE TO RENTAL WOF
 Property investors are concerned that a compulsory rental WOF as championed by the Greens at the weekend might be too difficult to meet.
But a group of Wellington landlords is already taking the initiative and proposing an alternative system to uphold certain standards.
Wellington Property Investors Association president Richard Bacon said his members were starting a landlord accreditation scheme. "It'll take us a year to get it going."
He was against a rental warrant of fitness because it was "a pass-fail situation and that's not helpful".
(Source: Stuff)

 

APPEAL PLANNED TO SORT OUT TENANCY TRIBUNAL TANGLE
A Lower Hutt woman is appealing against a tenancy case that highlighted a difference of opinion between judges.
The woman rented a flat over a commercial property in the suburb of Taita, that had resource consent for use as a caretaker's residence only.
She was taken to the Tenancy Tribunal over rent arrears and other expenses.
Applying a High Court judge's reasoning in a similar case, the tribunal said the property was unlawful for a residential tenancy and the only thing it could do was to make the landlords repay the $14,000 rent she had paid.
But the landlords thought not complying with resource consent was just a technicality.
(Source: Stuff)

 

SURVEY ON PROPOSED CHANGES TO THE RESIDENTIAL TENANCIES ACT (RTA) 
Have your say on proposed standards to make rental homes warmer and drier.
The healthy homes standards will set minimum requirements for heating, insulation, ventilation, moisture and drainage, and draught stopping in residential rental properties.
These standards were enabled by the Healthy Homes Guarantee Act 2017 which was passed into law in December 2017.
Have your say with this online survey. 
(Source: Tenancy Services)

 

TINZ TIP - MAKE CONTACT WITH PREVIOUS LANDLORDS 
  On your tenant check results any TINZ reference will show the person who offered the reference. Click on the name for a popup allowing you to send an email to that person. This is how you are able to make contact with previous landlords, particularly if they are not mentioned by your prospective tenant on the Tenancy Application form. Often you would like additional information or wish to fill in some blanks. Now you can.

If you are not using TINZ you can  register here.

 


 

Real-iQ WEBINAR: RESIDENTIAL TENANCY REFORM: WHAT THE FUTURE OF RENTING WILL LOOK LIKE

Thursday 4th October

10:00 am to 10:45 am (NZST)

Attend Event

 


 

This months Winner of the Reds is... 

JUDIE ROSS
Lovegrove Realty

Every lodgement enters the next draw.

Lodge references

Help others

Account credits

Win reds!

Contact Us to learn more

 


 

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.

 


 

MARKET RENTS FROM TENANCY SERVICES

 Check the latest
 Market Rents for your area
or you can
Graph MBIE Data

News and Events
from Tenancy Services

 


 

 TINZ appreciates support and endorsement from..

visit IPMA click to visit NZPIF website

From the desk of NZPIF:
Rental system is not broken
The ongoing effects of the 0.5 meth standard 


 

Tenancy Information N.Z. Ltd.
PO Box 105524, Auckland City,N.Z.
Ph. 0800 Tenant (0800 836268)
admin@tinz.nz 
www.tinz.nz 

Interested in something specific relating to tenancy in NZ? Drop us a line at newsletter@tinz.nz and we’ll try to cover it in a newsletter soon

Disclaimer : This newsletter is for general information purposes only. The views expressed in this newsletter are not necessarily those of TINZ. TINZ has taken all reasonable measures to ensure that the material contained in this newsletter is correct. However, TINZ gives no warranty and accepts no responsibility for the accuracy or the completeness of the material. Readers are advised not to rely solely on this information when making any decision.