I believe all the landlords and property management firms have received the following letter from government department Tenancy Services. Get your insulation down before it’s too late!
Insulate your rental property by 1 July 2019!
You now have less than a year to insulate your rental property to the required standard.
If you’ve done this already, that’s great. If you haven’t, you could be facing penalties of up to $4,000 for each non-compliant rental home – and these are often awarded to the tenant.
Changes to the Act which came into effect in 2016 mean that ceiling and underfloor insulation must be installed where possible, according to the regulations, in every rental property by 1 July 2019.
It’s wise to protect your investment property by keeping it in good condition. Insulation keeps your rental property warm and dry, makes it more efficient for tenants to heat, keeps them healthy, and encourages them to stay longer.
Insulation can be installed quickly in most homes, but waiting times vary around
the country. With the deadline coming up in July 2019, insulation installers could book
All tenancy agreements signed since 1 July 2016 must include a compliant insulation statement. The Compliance and Investigations Team is already looking at tenancies which don’t have statements, and we’ve taken non-compliant landlords to the Tenancy Tribunal.
From 1 July 2019, a major priority for us will be investigating rental properties which don’t meet the legal requirements. Our team is already growing in size, and we will be holding more landlords and property managers to account for non-compliance.
We urge you to act now, so you’re not caught out on 1 July 2019.
Metro NZ Property Management Team