The Changing Face of Being a Landlord: New Zealand
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This presentation was given to landlords in Auckland in August 2018. We discuss in this the legislative changes that Labour-led coalition Government are implementing and the impact that it will have on landlords and tenants. We look at the Residential Tenancies Amendment Bill (2) and The Healthy Homes Guarantee Bill.
The Changing Face of Being a Landlord: New Zealand
- 1. The Changing Face of being a Landlord
- 3. Renting in New Zealand • 37.1% of dwellings in New Zealand rented or rent free in 2017 • 33.6% in 2016 • 580,000 tenanted dwellings in New Zealand • Total dwellings in New Zealand 1,849,000 • Government planning extra 100,000 over the next ten years Sourced: Housing Stocktake
- 5. Changes in Legislation • Residential Tenancies Amendment Bill No.1 • Residential Tenancies Amendment Bill No.2 • Healthy Homes Guarantee Bill • Residential Tenancies (Prohibiting Letting Fees) Amendment Bill • Health and Safety at Work (Asbestos) Regulations MORE TO COME….. • Change to Notice periods • Security of tenure • Renters United
- 6. Insulation Insulation has to be done by 1st July 2019 • Breach of Landlord’s Responsibilities $4,000 • Demand cannot cope with Supply
- 7. 18℃
- 9. Section 138B Healthy Homes Standard • Landlords must comply with the standards • Tenants have the ability to maintain indoor temperature • Standards and outcomes around the following • Heating • Insulation • Ventilation • Moisture ingress • Draught stopping • Drainage • Any material or other things relating to the above
- 11. The Rental Warrant of Fitness • This will become part of the Healthy Homes Guarantee Bill • All rental properties will have to comply with this • Failure to do so $4,000 exemplary damages • 29 different criteria • Safe, warm and dry rental properties Housing Warrant of Fitness Assessment Manual August 2017 Version 3.0 1 Housing Warrant of Fitness (WOF) Assessment Manual Version 3.0
- 16. What is this one about? • Methamphetamine, Contaminant of rental property • Methamphetamine, Asbestos, Mould, Lead Paint • Liability for damage caused by a Tenant • Unlawful Tenancies • Insurances details on Tenancy Agreement • Tenants liable for up to 4 weeks rent or excess • Not for each incident
- 18. So Why has New Zealand Taken Such A Hard Stance? Guidelines for the Remediation of Clandestine Methamphetamine Laboratory Sites Review of Remediation Standards for Clandestine Methamphetamine Laboratories: Risk Assessment recommendations for a New Zealand Standard 07 October 2016 Prepared by: J Fowles, PhD J Deyo, DVM, PhD, DABT J Kester, PhD, DABT PREPARED FOR: The Ministry of Health CLIENT REPORT No: FW16039 REVIEWED BY: Peter Cressey; David Morgott August 2010 October 2016 July 2017
- 21. The Rise of Renters United •Stable homes •Fair Rent •Safe and healthy homes •Meaningful enforcement
- 22. The Tenant 72.3% The Landlord 1.8% It's Fair 23.2% Other 2.7% Who does Tenancy Tribunal Favour?
- 23. Completely Broken 8.0% Lots of work 25.0% minor modifications 60.7% Its fine 6.3% Is renting in New Zealand broken? 112 Property Managers surveyed
- 24. QUESTIONS?