Renters making demands of property managers

A tenants’ action group wants landlords and property managers to implement a new proposed 10 point plan (Action Plan). The Action Plan includes a minimum tenancy length of five years and would allow tenants to exit a tenancy at will. (Source: Landlords.co.nz)

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Landlord slept in tent under tenant's home, refused to leave

A landlord who pitched a tent under his rental property and slept in it overnight didn't take kindly to being asked to leave. Instead of packing up and moving on Brian Clement verbally insulted his tenants and came up with excuses as to why he was under the Raglan house. (Source: NZHerald.co.nz)

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Desirable tenants become scarcer as 'accidental landlords' add to rental glut

The rise of “accidental landlords” may be contributing to a rental property glut that is likely to tip the country into a renters’ market, CoreLogic head of research Nick Goodall said. The slump in the housing market has made it difficult for landlords to find good tenants. Many buyers who are not getting the sales results they had hoped for, have reluctantly taken their homes off the market and put them into the rental pool. (Source: Stuff.co.nz)

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Rental market turning on landlords

The slump in the housing market has made it difficult for landlords to find good tenants. Many homeowners who are not getting the sales results they had hoped for, have reluctantly taken their homes off the market and put them into the rental pool. (Source: Landlords.co.nz)

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Ministry of Justice fines checks

Overdue fines may impact a tenant’s ability to pay rent, which in some instances may result in the tenant abandoning the tenancy address to avoid debt collectors and/or Court bailiffs pursuing them for payment of overdue fines. Landlords who utilise these checks, are able to know whether their tenant has overdue fines via the Ministry of Justice (i.e., those issued by local councils, the police and/or other authorities). These overdue fines can be issued for disorderly behaviour or theft, speeding, illegal parking, drink-driving, or not registering a dog. Knowing if these matters impact a potential tenant, can assist landlord’s in making more informed decisions.

 

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 Disclaimer: The views and opinion expressed in this newsletter are solely those of the authors and other contributors. The material and information contained in this newsletter is for general information purposes only. You should not rely upon the material or information as a basis for making any business, legal or any other decision. For more information please visit the illion Tenancy contact us web page.

 

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