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  1. #1121
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    3,088

    Default

    And of course any fixed term will, at the tenants option, convert to periodic on the expiry of the term and there will be nothing the landlord will be able to do to prevent that.

  2. #1122

    Default

    Here’s a question. When the new changes are made and put in place will that affect the current TA’s?
    i don’t see how they can as these are agreements made between the LL and the tenant and altering them would have to be agreed on by both parties concerned and me (being the LL) I would most definitely NOT agree to changing the current TA’s I already have in place.

    I’m assuming though that when the current TA’s come up for renewal, ours are only for one year, that this is when the new rules will be added and at this time I’m hoping that any problem tenants I have I can then decide not to renew their tenancy, they leave and the new tenants (hopefully better than the last) will have the benefit of these new rules.

    Please tell me I’m right? Otherwise there’s going to be a few 90 dayers issued bloody quickly!

  3. #1123
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,878

    Default

    Quote Originally Posted by Wayne View Post
    when the tenant stops paying you have to kick them out - income gone.
    Am happy with that. Goes to the TT. Tenant gets recognised as a bad payer. Tenant wears the consequences.

  4. #1124
    Join Date
    Jun 2004
    Posts
    10,598

    Default

    Quote Originally Posted by Keys View Post
    Am happy with that. Goes to the TT. Tenant gets recognised as a bad payer. Tenant wears the consequences.
    My point is I wouldn't rent for less to get the supposed security of a fixed term.

  5. #1125
    Join Date
    Nov 2006
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    Cyberspace
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    Default

    Quote Originally Posted by Wayne View Post
    My point is I wouldn't rent for less to get the supposed security of a fixed term.
    And, you don't seem to get my point.

    It is:

    I will rent at market for a fixed term.

    I will rent at market plus 15% for a periodic.

    The tenant, in the end, pays for the convenience of being able to terminate. They pay for the risk to my client of bad credit. They pay for other items at the moment (eg lawns, whiteware) why not the added risk to my client?

  6. #1126
    Join Date
    Jun 2004
    Posts
    10,598

    Default

    Quote Originally Posted by Keys View Post
    And, you don't seem to get my point.

    It is:

    I will rent at market for a fixed term.

    I will rent at market plus 15% for a periodic.

    The tenant, in the end, pays for the convenience of being able to terminate. They pay for the risk to my client of bad credit. They pay for other items at the moment (eg lawns, whiteware) why not the added risk to my client?
    You're right, I didn't get that you were charging a higher price for periodic.
    Probably missed that since you started with "Fixed term. Security of income for the landlord. Lower rent charged" - lower rent charged rather than market rent charged.

  7. #1127
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,878

    Default

    Quote Originally Posted by Wayne View Post
    You're right, I didn't get that you were charging a higher price for periodic.
    'tiz a hard thing sometimes, getting an idea across via the written word.

  8. #1128
    Join Date
    May 2008
    Posts
    3,691

    Default

    Yes, it can be.
    The loudest people are usually the deafest.

  9. #1129
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    3,088

    Default

    As I write I am sitting in an apartment on Lord Howe Island. This island has no cellphone service and minimal internet access so I am well isolated from the news and other peoples views. The advantage of this getting away from all the heat and drama of normal life is that it does give me time to sit, think and ponder.

    All land on Lord Howe belongs to the State, and if you are a bona fide local you can acquire a property on permanent lease. However, the criteria are strict – to be considered a local you must have lived on the island for at least ten years with an absence, during that time, of no more than six months. No buying a holiday home and just using it at Christmas and Easter here. Even after you have acquired your property you are forbidden to keep a cat (dogs are permitted under strict rules, which include posting a $1500 bond), are allowed only one motor vehicle per family, and are facing some of the highest household operating costs in Australia. The only rentals available are those belonging to the few families who are away on the mainland either for medical reasons or for education, each of those of course having a fixed end date.

    Does the UN know that there is no access to housing as a matter of human rights on Lord Howe?

    Each country I visit seems to have its own advantages and drawbacks. Do you want to live in a warm and peaceful Pacific paradise with a total absence of things that will hunt, attack and possibly kill you but then face paying a shipping cost of $520 per cubic metre for each and every item you need to bring in? Do you want indulge your petrol-head fantasies but then face an island-wide speed limit of 25km/h? If the answer is no then don’t come here.

    Anyway, back to I’ve been thinking:
    I started writing ‘Life as a Landlord’ back at the start of 2012. My intention was to crystalise my own thoughts around the day-to-day difficulties and advantages, the trials and triumphs of being an ordinary residential landlord possessing no special skills or advantages. I was, at that stage, just about to move into landlording as a full-time business, and indeed that move took place just a little while later.

    However, since that time I seem to have become a lot more involved in the politics of this property business. My original dream for retirement, consisting of sitting under a palm tree on a nice sandy beach with a good book in one hand and a Pina Colada in the other while the rents rolled in, seems to have faded away and been replaced by far too much time spent arguing, defending, agitating and explaining. ‘Life as a Landlord’ has ended up reflecting this change and so moved away from my original intent. ‘Life as an Amateur Politician’ may well have been a more accurate title.

    I had hopes that some publisher, somewhere, might pay me to write this sort of stuff. I have since found that this is not how it works. Most comment and advice produced for the property market and those who wish to learn about it is paid content, advertorial, written by people who want to sell you something. I did have one paid gig, but this did not last long as it was better business for that particular outlet to accept payment for publishing content rather than pay me in order to publish mine. I can get paid for writing on aviation matters, but not on property subjects.

    So I am ending it. It has been an interesting exercise, and intellectually stimulating. Each month, thinking about and working through a particular discussion point has been a challenging process. That’s around one hundred think pieces, some of it written in and posted from fairly obscure places in the world. After each post, many of you have raised points and discussed issues that I have touched on. Thank you. You may have disagreed with things I have said here, but that’s fine. You may well be right, time will tell.

    I will not stop writing, and I intend to continue contributing to Property Talk. I will now be able to separate the practical day-to-day matters from the political. I do have other projects within the property world to persue and you will hear about those over time.
    For now, thanks for being a useful and appreciative audience.

  10. #1130
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,422

    Default The Last Chapter

    Well, Peter, I - for one - am crestfallen. I shall miss your acuity on, and pithy insights into, the vagaries of Property Investment in NZ and the comparisons from around the world. Thank you for educating us, so. (And to M for her patience?)

    I have recorded your monthly contributions over the years, in case you wanted to publish the entire saga. As an e-book or whatever.

    It does seem that revolution, or at least LL civil disobedience, is all that's left for NZ property investors.

    Have at them varlets! (In the drone house)
    Last edited by Perry; 01-03-2020 at 05:23 PM.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!


 

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