Green Party calls for stricter tenancy laws
Thursday 24 January 2013
Warrants of fitness for rentals and restrictions on rent hikes are high on the Green Party list of priorities in its new housing policy, released today.
The party wants to put home ownership within the reach of more New Zealanders and make renting more secure.
It is proposing a progressive ownership policy, where people live in a government-built home, making extra payments to buy the equity from the Crown. No deposit would be required and any equity investment would be repaid if the inhabitants moved out before they owned it.
The party also wants rental WoFs written into law to make sure rented homes meet a set of criteria including a prescribed level of insulation, water-tightness and basic amenities.
It also wants to change the law to limit rent increase to once a year and give tenants the right to renew fixed term leases when they expire.
Co-leader Metiria Turei said “The vast majority of landlords are good business operators who make sure their rentals meet these standards anyway, but too many do not. The horror stories of children growing up in rotting rentals lacking in basic services must end.”
She said the country’s existing tenancy laws were out of date and did not give protection to tenants.
“Limiting rent increases to once a year and requiring that the formula for calculating them be included in tenancy agreements will protect tenants from arbitrary and unexpected rent hikes. Allowing tenants a right of renewal on rental agreements will encourage a more long-term approach to landlord-tenant relationships and redress the power imbalance that often exists.”
Comments from our readers
Sign In / Register to add your comment
Discussions about housing affordability that focus on rising house prices are missing the other part of the equation: Incomes, ANZ’s economists say.
Restrictions and pressure on residential property investors keeps growing and many investors are looking for possible solutions: commercial property is one such option.
Keeping the OCR on hold was the move expected of the Reserve Bank today, but economists say it means there will be another cut in November.