Parliament votes to pass the legislation for BANNING the letting fee.

The Parliament has voted to pass the legislation to ban the letting fee from 12th December onwards. The housing minister Phil Twyford said that letting fees are unfair for the tenants and banning it will be a good initiative in improvising the conditions for tenants, while in the long run, they are still reviewing the Residential Tenancies Act. He stated “Our tenancy laws are antiquated and don’t reflect the fact that renting is now a long-term reality for many of our families. Around half of New Zealanders now live in rented homes. This change could put up to $47 million

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How to choose the right property manager

When choosing a property manager, there are a number of things you need to consider before selecting the person who will be caring for perhaps your most valuable asset. Will the property manager: Accurately appraise your rental property to quickly rent your property to quality tenants and keep your vacancy period to a minimum? Conduct appropriate background checks on potential tenants before offering your property to a tenant? Bad tenants can cost you a lot of money in the long run. Understand the importance of ensuring the presentation of the property is maximised to attract the right tenant, who in

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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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Hamilton tenant fined for tampering with smoke alarm

  Jul 31, 2016 A Hamilton tenant has been stung $1850 for tampering with a smoke alarm just weeks after a new rule was passed putting more of the responsibility on them. Jade Davies is one of the first tenants to be targeted by the new law which came into effect on July 1 and requires landlords to install smoke alarms and tenants to ensure they are in working order which includes replacing batteries. The Tenancy Tribunal ordered Davies to pay $3864.07 for unpaid rent, cleaning, damage and repairs at the Glenview property she was living in. Of that $1850

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