Property Management General Manager Celia Burbery discusses some of the changes to the residential rental industry under Labour Government.
We now know who will be shaping our next three years so let’s talk about what Labour have projected and how they may impact our industry relating specifically to Licensing and Compliance.
Consumer NZ have advised “that despite the fact property managers have the keys to a person’s house, collect thousands in rent each week and access to personal financial information about tenants, there are no professional standards they have to meet.” This is true and I do agree with having standards for all property managers including government and local body providers. I am confident that we already meet these requirements in our existing best practice. We have been acknowledged amongst our peers for having high standards of integrity, skills and professionalism so we have that one nailed – we already have an audited trust account. We’re happy to be licensed and will assume there will be credits for some of our property managers here who have already been filling this role to a high level of competency for 10, 15, 20 and 25 years – You can see that APM is a great place to work and you are in the hands of experienced professionals.
The Labour Government will continue to have to respond to calls from multiple sectors that tell them both tenants and landlords feel vulnerable, all of whom will be asking for Government agencies to implement and strengthen existing processes to protect everyone!!
Labour have stated…”Labour will improve fair tenancy dispute resolution, including reviewing and enhancing the Tenancy Tribunal, Tenancy Services Compliance and Investigations Unit and all advocacy services”. Our industry would without question welcome fair tenancy dispute resolution plus more funding for Tenancy Services to ensure the process is quicker, more consistent and professional. This has not always been reflected in our experience when representing our landlords’ rights.
The Government also have their eyes on modernising our tenancy laws, which has already started with banned letting fees and the establishment of Healthy Homes Standards to raise the standard of homes. In my opinion, these Healthy Homes reforms have been designed by desk bound professionals with good intentions however in some aspects they appear to lack a common sense and practical approach. Nevertheless, this is what we have to work with. We are fortunate as property owners that, looking into the future, the benefits of owning property in Auckland would seem to outweigh the costs of maintaining compliance.
General Manager – Property Management
Auckland Property Management
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