Are you and your Property Manager ready?

The Residential Tenancies Amendment Bill was passed into law on 1 July 2016.  From this date Landlords and Property Managers need to beware of their respective responsibilities around rental properties meeting the required standards by the ‘Amendments’ due dates.

Two immediate changes that are effective from 1 July 2016 is fire alarms in key areas of the property; and Landlords and Property Managers will need to state the level of insulation in the rental property on new tenancy agreements.

Landlords of all other residential rental properties must install the required ceiling and underfloor insulation by 1 July 2019, and meet the regulatory requirements. Failure to comply with these requirements is an unlawful act, for which landlords can be liable for a financial penalty.

Landlords will be required to disclose the extent of insulation in their properties as part of the tenancy agreement from 1 July 2016. Failure to provide this information, or providing false or misleading information, will become unlawful acts. However, for buildings where the insulation details are unknown and the landlord has made all reasonable efforts to obtain the required information, they are able to make a statement to this effect.

Landlords must continue to comply with the existing requirements contained in the Housing Improvement Regulations, such as providing cooking facilities and adequate ventilation.

Source – MBIE

Worried about the new changes? The team at Metro NZ can make sure you are abiding by all regulations which can prevent you from legal inconveniences. Contact us to see how we can help you successfully manage your property.

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