The number of people living in rental homes has increased and so too has the length of time people rent, therefore the Government plans to modernise the legislations in the renting environment.
Housing Minister Phil Twyford has released a discussion document on a targeted reform of the Residential Tenancies Act 1986. The reform of the Residential Tenancies Act supports the Government’s aim to make renting better with increased security for tenants, ensuring the law balances the rights and responsibilities of tenants and landlords, all the while protecting both the tenant’s and landlord’s interests.
So what are the proposed changes?
- The limit of rent increases to once per year.
- Ending ‘no cause’ tenancy cancellations but still allowing landlords to remove tenants for justifiable criteria.
- Increased notice period for landlords when ending a tenant’s lease from 42 days to 90 days.
- Removing the practice of ‘rent bidding’ for rental properties.
- Better processes to allow tenant and landlords to agree on pets and minor alterations.
You can read the full discussion document on the MBIE website here: https://www.hud.govt.nz/news-and-resources/consultations/consultation-reform-of-the-residential-tenancies-act-1986/
The Government is encouraging everyone to have their say on the proposals raised by the discussion document. Submit your written submissions by 5pm on 21 October 2018.
More information can be found at MBIE here: https://www.hud.govt.nz/news-and-resources/consultations/consultation-reform-of-the-residential-tenancies-act-1986/