HOW DOES THE TENANCY APPLICATION PROCESS WORK?

Dearest reader, This is a relevant post for first time tenants, landlords and anyone who is involved with renting a place to be called home. Renting can be a very exciting thing and it is where the market trends for property management is heading. Metro NZ Property Management knows that renting gives the tenant more flexibility to do as they please when it comes to travelling, choosing a new home and with the current housing situation, the main option for most part of the population. If buying a property isn’t on your priority list just yet, Metro NZ Property Management

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LANDLORDS WARNED BY REINZ TO INSULATE RENTAL PROPERTIES OR FACE FINE OF $4000

As the New year has started and people are steadily returning back to work from their vacation, the Real Estate Institute of New Zealand (REINZ) is cautioning landlords that they need to insulate their rental property till 1st July 2019 or else the can face a fine of up to $4000 from the Ministry of Business, Innovation and Employment (MBIE). Chief Executive at REINZ, Bindi Norwell stated, “from 1st July 2019 ceiling and under floor insulation will be compulsory in all rental homes across New Zealand. That deadline is now less than six months away, and MBIE has warned that it

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Gluckman’s Meth Standard to be adopted by the Tribunal.

15 micrograms per 100cm2will be accepted by the Tenancy Tribunal as the minimum standard for meth contamination for rental properties. The Chief adjudicator of Tenancy Tribunal, Melissa Poole stated that it will use the 15mg level as recommended in the Gluckman report – as long as the meth was completed after the report was issued on 28thMay 2018. She further explained to the delegates at the NZ Property Investors Federation conference in Dunedin that the Tribunal worked a lot and spoke to numerous people about the standard, including the Housing Minister Phil Twyford. The Tribunal’s hand was pretty much forced

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THE NEW INSULATION POLICY

Dear Reader, GOOD NEWS FOR ALL AROUND NEW ZEALAND: STARTING ON THE FIST OF JULY NEXT YEAR, INSULATION IS COMPULSORY IN ALL RENTAL HOMES AROUND THE COUNTRY. New Zealand is well known for the fact that most rental homes have minimum care about insulation, specially in the colder regions down south like Dunedin. The government of New Zealand has approved a new insulation policy which says that rental homes will compulsorily have underfloor and ceiling insulation, and it is coming in place on July 2019. Property managers are aware of the new changes and even though the policy will only

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MARKET TRENDS FOR PROPERTY MANAGEMENT

Dear Reader,   It is clear that as time goes by, society changes and with time their wants and needs also change. This post will explore what are some relevant global market trends for property management in 2018. The next twelve months will show a few changes in the field and the most relevant ones are as it follows.   Technology orientation According to R. Braun (2018), property management firms should be investing in more technology. Embracing the era of digitalisation and automation will mean that much more will be done faster and things will be done better. The rate

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What Owners Should Know About the Planned New Earthquake Legislation in Wellington?

As the Building Act 2004 has regulated and set the definition of an earthquake-prone building, all building constructed prior to 1976 must be at least 34%of the New Building Standard within a given period. But after Wellington was hit badly by the magnitude 7.8 Kaikoura earthquake on November 14, the council’s disaster planners are looking to speed up the introduction of new building regulations. The council was worried about the resilience of the city and was considering this as an opportunity to improve the city for the future generation. The focus was on homes because it was known that Wellington’s

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