Landlords Fined Nearly $17,000 Tenancy Services now have a full time Compliance and Investigation Team with some of their results below The Tenancy Tribunal has recently made orders totalling nearly $17,000 in exemplary damages against three landlords, as a result of investigations launched by the Tenancy Services Compliance and Investigations Team. Peter Hackshaw, Acting National…
Owners of rental properties have until 2024 to reach healthy home standards New rental housing standards Housing and Urban Development Minister Phil Twyford announced the changes in Wellington on Sunday which will require a minimum standard for heating, insulation, ventilation, moisture and drainage in residential rental properties. Private landlords have until July 1, 2021 to ensure rental…
The difference between careless damage and intentional damage. Tenants must tell the landlord straight away if they are aware of something that needs to be repaired or maintained, no matter how it happened or who caused the damage. Damage is likely to be viewed as ‘intentional’ if the outcome was desired or if it was…
Christmas Message It’s almost another year passed and Christmas will be with us in a few short weeks. We are looking forward to our Office Christmas Party and joining others in celebrating another fantastic year in the most beautiful part of the country. Please find enclosed your calendar for next year as a thank you…
Claiming expenses If you own a rental property you can claim a variety of expenses at tax return time. These must relate to the costs of generating rental income, and must not include costs for private use. Expenses you can claim Insurance and rates You can claim the cost of insuring your rental property and…
To Our Management Clients Insurance Company Fine Print As you are one of our Management Owners this is the explanation why we are thorough with our Inspections which your Insurance Company requires, I have attached an insert from one of those Insurance Companies Policy Documents We provide a regular comprehensive written Inspection Report with…
To Our Management Clients Insulation update – not long now. With under one year to go, landlords are again being reminded that they must insulate the ceiling and underfloor of their rental properties to the required standard by July 2019, if it is reasonably practicable to install. If they don’t, this is an unlawful act…
Tauranga Rental Statistics Rents in Tauranga have risen dramatically in the last 10 years with an average three bedroom house in an average location renting for $272 per week (MBIE Statistics) back in January 2008, in January 2018 the same house would rent for $465 per week, that’s a 70% increase or an average 5.5%…
Woe is Us For Being a Landlord This week one of our Owners sold their rental property. It was something of an emotional event, as it had been their first home, their first home until their little family outgrew it. It’s a fairly humble home in a humble area, but it’s saved by its location, a jaw-dropping…