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Federation warns landlords to check properties.

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  • Federation warns landlords to check properties.

    Just saw this in the Herald 22/11/17.

    "Over the next year, the Labour-led Government will update and improve tenancy law to reflect the fact that half of Kiwis now live in rentals," Twyford told the Herald today.

    The full article is here:

    http://www.nzherald.co.nz/business/n...ectid=11946759


    The many scandalous wrongful interpretations of section 137 by tenancy judges invoking a return of all rent paid back to the tenant was a grossly unjust reward that should never have occurred in the first place..

    I remain strongly skeptical that the new govt will update the RTA and get it right.

  • #2
    Originally posted by mrsaneperson View Post
    I remain strongly skeptical that the new govt will update the RTA and get it right.
    Just what are you sceptical about?
    * That Taxcindarella & Co will get it right? (Very unlikely)
    * That Taxcindarella & Co will amend the RTA? (Likely)
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    • #3
      The old government did a great job on that front
      Free online Property Investment Course from iFindProperty, a residential investment property agency.

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      • #4
        Originally posted by Perry View Post
        Just what are you sceptical about?
        * That Taxcindarella & Co will get it right? (Very unlikely)
        * That Taxcindarella & Co will amend the RTA? (Likely)
        I guess some of us maybe should send in submissions to try and ""guide"" towards the right direction given that their are a whole host of vastly differing scenarios with regard to unconsented situations.

        Do we write directly to the minister or NZPF?

        What the govt should genuinely realize is that situations like the ""unjust reward"" back to the tenant in the Dunedin case and many other cases have created a situation where landlords are simply getting out of the renting game because they are getting seriously savaged. Ultimately tenants will pay the price .

        I'm sure our industry has lost a good landlord in respect to the Dunedin Landlord Vic Inglis who won his appeal case but was still massively out of pocket , ultimately he sold up his property simply because of all the crap that he suffered!
        Last edited by mrsaneperson; 24-11-2017, 03:03 PM.

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        • #5
          Be aware that there is quite a strong minority of activists who strongly believe that there should be no private landlords - all residential rentals should be owned by the state or by social housing providers.

          So when we say "If you do this, many landlords will get out of the renting game" they will reply "Great!! That's exactly what we want!".

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          • #6
            Originally posted by flyernzl View Post
            Be aware that there is quite a strong minority of activists who strongly believe that there should be no private landlords - all residential rentals should be owned by the state or by social housing providers.

            So when we say "If you do this, many landlords will get out of the renting game" they will reply "Great!! That's exactly what we want!".
            Bring it on!
            I'd love a government to try to take over all residential housing.
            The reality is that it would never happen - the rabid nutters who are opposed to private landlords are always outvoted at the polls.
            Though they do seem to catch a few headlines lately.

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            • #7
              Originally posted by flyernzl View Post
              Be aware that there is quite a strong minority of activists who strongly believe that there should be no private landlords - all residential rentals should be owned by the state or by social housing providers.

              So when we say "If you do this, many landlords will get out of the renting game" they will reply "Great!! That's exactly what we want!".
              Communism in all but name, eh?

              And we all know how well that works / worked.
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              • #8
                Remember many of the worlds largest companies started with government contracts... they're very profitable so don't write off providing housing for the govt. Maybe not small scale renting your single house to HNZ on their, skewed in their favour, terms but potentially at an institutional level, provision of private housing to the govt is likely something that will come and someone will make HUGE money out of it.

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                • #9
                  Originally posted by Don't believe the Hype View Post
                  Remember many of the worlds largest companies started with government contracts... they're very profitable so don't write off providing housing for the govt. Maybe not small scale renting your single house to HNZ on their, skewed in their favour, terms but potentially at an institutional level, provision of private housing to the govt is likely something that will come and someone will make HUGE money out of it.
                  Then HNZ becomes the Property Manager at your peril. You will need huge money to reimburse the neglect and damage caused by tenants and lack of maintenance.

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                  • #10
                    Originally posted by Meehole View Post
                    Then HNZ becomes the Property Manager at your peril. You will need huge money to reimburse the neglect and damage caused by tenants and lack of maintenance.
                    You're right if you don't have the scale to set the terms of the agreement. The harder they make it for mum and pop landlords the greater the consolidation into medium and large 'corporate' landlords. These larger corporate landlords will have more bargaining power with HNZ and the terms of their rental agreements will be different to what is offered to you and I.

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