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  1. #1
    Join Date
    Apr 2004
    Location
    Auckland
    Posts
    1,923

    Default Banned: Rental bidding; No reason terminations plus Rent Increases Min. Annually.

    The Government will end no-cause evictions and ban rental bidding in an upcoming reset of rental laws.

    It will also limit rent rises to once a year, up from the current limit of once every six months.

    These changes will be made well over a year since then-Housing Minister Phil Twyford finished consulting on them in October 2018.

    https://www.stuff.co.nz/national/pol...ause-evictions




    Sneaky, sneaky - Sunday always a good time to announce more thieft of property rights.
    The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.

  2. #2

    Default

    Hmmm, hopefully the landlords here made submissions on this? Apparently a pretty low number was received.

    Yet it seems they actually listened to submissions, with new rules for anti-social behaviour and late rent - though unfortunately it all has to be done through the dreaded tenancy tribunal.

    The no-cause thing will likely result in bad tenants finding it increasingly difficult to get a rental.

    Certainly agree with banning rental bidding and restricting rent reviews to once/year.

    More from the Stuff article:
    "Under the Government's planned changes landlords will have to provide some reason to end the tenancy - including selling the property, demolishing it, or changing how it is used. They will also be able to use a new "anti-social behaviour" clause to move on problematic tenants if three complaints are received about the tenant's behaviour in a 90-day period and an application is made to the tenancy tribunal.

    Rent being paid more than five working days late three times or more in a 90-day period would also be a valid reason, although this too would require a trip to the tribunal.

    When a tenancy is ended for a valid reason, such as a landlord selling a house, they will now need to provide 63 days of notice - up from 42.

    Rent rises will be limited to once a year, up from six months now.

    And "rental bidding" would be explicitly banned, and landlords listing properties will have to explicitly set out what the rent is."

  3. #3
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,634

    Default

    I actually don't think these are that bad
    - 63 days notice if selling. Just means have to be organised and plan!
    - 3 compliants within 90 days, then tenancy tribunal helps a bit
    - 3 late rents within 90 days, then tenancy tribunal helps a bit
    - once a year rent increases. Just means rent will go up more but less often. Not sure whey the change to this or how it will change anything for tenants or landlords?

    Ross
    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.

  4. #4

    Default

    Quote Originally Posted by Rosco View Post
    I actually don't think these are that bad
    - 63 days notice if selling. Just means have to be organised and plan!
    - 3 compliants within 90 days, then tenancy tribunal helps a bit
    - 3 late rents within 90 days, then tenancy tribunal helps a bit
    - once a year rent increases. Just means rent will go up more but less often. Not sure whey the change to this or how it will change anything for tenants or landlords?

    Ross

    I'm with you on this Ross.

    There is however a tendency to block up TT with things that could be a clear cut rule i.e. the complaints or late rent. The action shouldn't need TT approval but there should be a mechanism for the tenant to take it to TT if they believe the rule had been used incorrectly. This would mean fewer meetings at the TT.

    Rent increases - historically we haven't increased rent by more than $20/wk and where we had been well below market we might do 6 monthly increases until we were at an acceptable level. By making that 6 monthly increase unavailable we may need to reconsider our $20/wk self imposed cap where we need to get back towards market rent.

  5. #5
    Join Date
    Apr 2004
    Location
    Auckland
    Posts
    1,923

    Default

    12 month fixed terms might be the go. Unless banned. More stupid arbitrary rules dictated from on high that will make life worse for tenants.
    The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.

  6. #6

    Default

    Why 12 months?... if you do 6 month fixed terms you have more flexibility and each lease is a new lease so can set the rent accordingly.

  7. #7

    Default Government to ban landlords putting rent up every 6 months???????

    This is not going to help landlords recover the costs incurred by the recent Healthy Homes rules.

  8. #8
    Join Date
    Jan 2012
    Posts
    1,069

    Default

    Why not? Most would have some clue of how much they were going to raise rents by. So instead of splitting it over 6 months add 50% and make it yearly.

    In 12 years as a LL I've never raised rent twice in one year.

  9. #9

    Default

    During any of my tenancies, I have only ever increased rent once but I can see the need coming up. With a bill of about $8plus K to fulfill the most recent regs, do I have a choice?

  10. #10
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,634

    Default

    I'm pretty sure they are looking at turning fixed tenancies into periodic, so you would also need a reason to cease fixed term tenancies!
    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.


 

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