If you own rental properties, and don’t have them professionally managed, you should be by now all up-to-speed with the new RTA (Residential Tenancy Act) changes. Our last landlord event was fully booked out, we will be running another event on Thursday 25 February in the brand new Collective Community Hub.
The new changes will affect a broad range of tenant / landlord rights and obligations and will change the way you manage your investments properties. Some of these changes include:
- Changes to notice periods and who can give notice for what reason. With important changes around what scenarios you can end a tenancy and also situations where the tenant can renew their tenancy.
- Healthy Homes does your investment property comply with the new Healthy Homes rules? Do you know the rules? And do you have the right documents/records for your property.
- Rent Increases – When, how much and how often can you make rent increase, etc
- Minor changes – There’s been also changes on what a tenant can do to your property during their stay, with and without your permission. Some things you will not be able to reject anymore.
These are just a few of the changes and will certainly affect your investment strategy and the way you manage your tenants. Because of this we are hosting a FREE Landlord Information Evening with industry experts, who will be able to run you through the coming changes as well as the implications for landlords. If you are interested in attending, get in touch to reserve a spot!
For more info on the changes, visit www.tenancy.govt.nz for all the law changes.
In the meantime, if you have any queries or questions about your investment, just yell out!
Look forward to helping you.