Failure to install smoke alarms in his “ramshackle” rental property has left an Auckland landlord with a $2000 fine – and MBIE warning landlords not to overlook their obligations.
More people are renting today than ever before, mostly because of the millennial generation, or Generation Y. This group of people includes anyone born between 1980 and 2000, and they’re an ideal target audience for your rental property. They love the freedom and flexibility that come with renting rather than buying.
Spending time and money creating a property that attracts the right tenants is one of the best investments a landlord can make.
The rental bond is an amount of money paid by a tenant as a form of security for the landlord against any breaches of the tenancy agreement.
New Zealand is a nation of pet owners with more than 60 per cent of New Zealand households owning a pet, which makes for plenty of tenants looking for a home for themselves and their furry family members.
What to ask a landlord before renting a house is very important to ensure that you stay there happy for a long time. We tell you the main questions to ask that form a checklist to look for when renting a house.
The Residential Tenancies Act is to be strengthened with new requirements for insulation, smoke alarms, better enforcement and faster resolution of abandoned tenancies, Building and Housing Minister Dr Nick Smith announced.
The changing rental environment means a different relationship is on the cards for landlords and tenants, says one law firm.