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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Is your investment property safe from chemical contamination?

New Zealand’s most dangerous drug is often an invisible one. Getting your investment property Meth tested can be extremely crucial in generating maximum returns for your rental property by ensuring a safe and liveable environment for your tenants. It only takes a few months smoking meth, or “P”. for chemical particles that cause breathing problems, headaches and nausea to attach to dust and leach into walls and carpets. In a recent article written by Stuff, it was stated that in 3 months – 44 percent of properties in Nelson that were tested by MethScreen returned positive results. More often that

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How to avoid fines and tenancy disputes

Managing a rental property can often be a complicated task – its not quite as simple as sitting back and collecting rent. There are many rules in place for landlords that are there to protect the rights of the tenants. If the landlord fails to comply with these rules, it may result in large fines and even prosecution. Here are some simple tips on how to avoid mistakes when managing a rental property. Discrimination When screening potential tenants for your property you are not able to base your selection on factors such as gender, marital status, religious beliefs, race, ethnicity,

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