New changes to Residential Tenancies Act explained

[donna]

Hi All,

Here's a summary of the new changes to the RTA - that all Landlords need to know - and if you're managing your rental properties you will need to know the Act and the changes in more detail.

https://www.tenancy.govt.nz/law-changes/

11 FEB 2021
...

[donna]

Stuff reached out to John Tookey, AUT professor of construction for comment and he says:



So the Gov't should not have and should now ditch KiwiBuild and focus on managing developments of social housing.

This has been said in many discussions on PropertyTalk...

[Merlot Mike]

Hi all, my prior experience has been with industrial but I'm wondering if anyone here has had experience investing in retail shopping mall units. I realise that the tenant turnover would probably higher than other kinds of commercial.

[Merlot Mike]

What are your thoughts on industrial property with %NBS around 60% - is this kind of property potentially harder to find tenants for??

[RollingCloud]

Hi
Found the perfect location with a small 73m2 house, just perfect for single me. Pricey neighbourhood but id say this would be my forever home (if there is such a thing). Going to auction. However........ this simple rectangle house single storey that was built in 60s, was moved onto new...

[CraigD]

I'm looking at a simple development/renovation and have bank lending approved for the initial purchase but have not queried yet about borrowing for development costs. Previously when looking at this type of borrowing the bank has requested fixed price contracts be reached with contractors which is...

[Beano]

I have heard depreciation on commercial buildings is back again!
Great news ... looking forward to the details.
I use to get $175k depreciation in the old days.... double bonus perhaps with another decrease in interest rate.

[quebec]

We put an offer on a property last year but didn't get it. Someone else's offer was accepted. Now the property is coming back to the market as the sale did not go through because the cross lease documents was misplaced by LINZ, they just can't find it. Total 6 units in the block and other 5 have the...

[Rosco]

Hi all,

Do you want the new RTA changes to come in?

Do you want to lose the ability to issue a 90 days notice, to remove a tenant without giving a reason?


Making a submission would be great, but unfortunately on Ring Fencing there was only 110 submissions...

[Beano]

This bold new superstore in West Auckland is fast coming together for a ‘soft and slow’ opening on Monday 30 March 2020. The Nido sign is proudly displayed on the building which rises above its surroundings. This development is a tribute to the vision and sacrifice of Vinod Kumar, the key...

[Nick G]

Hi all

Earlier I had a chat with Sarina from APIA about the upcoming bill to amend the Residential Tenancies Act. My conversation is with with Sarina Gibbon, who is the general manager of Auckland Property Investors' Association. Sarina has been at the coalface for APIA on on this matter,...

[lmckoy]

We've recently had new tenants move into our house in Auckland, and they just purchased a fridge off of Trade Me that keeps tripping the fuse to the kitchen - a friend of mine (with an electrical background) popped in to check out what's going on, and has said that the fridge is an older model, so will...

[henderson]

Dear Members,

I have bought house last year which has 2 good size lounge and wanting to convert one into bed room and add new toilet and bathroom and wanting to rent out individual room to create some income from home since my child recently diagnose and i need to spend lot of money on...

[reepr]

Tenant wants to change electricity providers, and the new provider requires a smart meter. Tenant is requesting Landlord pays.

1. Whose responsibility is it to pay for meter?

2. If its not the Landlords responsibility would you pay anyway?

Seems to me if the tenant...

[Beano]

With the pending new trust act are many property investors expecting/planning to present their accounts under IFRS/audited ?
I assume beneficiaries can demand the financial accounts be audited and presented under the current IFRS.