Property Management

Bond repayments sped up in Canterbury

Canterbury tenants forced to end the lease of their property due to earthquake damage should have their bond money released within 24 hours.

Saturday, September 25th 2010

The Department of Building and Housing (DBH) is working to ensure there are no unnecessary barriers to tenants receiving bond refunds once tenancies have ended.

The department is aiming to have bonds refunded within 24 hours, provided there is no disagreement between landlord and tenant. 

To facilitate this process DBH is proactively contacting landlords to ensure the speedy release of bonds. Since the quake, the department has received more than 670 calls from tenants and landlords, and has refunded 1242 bonds for properties in the Canterbury region.

DBH says it recognises landlord's rights and in those instances where there is a dispute, either over rent portions, or degrees of damage, the parties are being encouraged to resolve this through mediation or via the Tenancy Tribunal. 

Currently application to the tribunal applications from the Canterbury region are down slightly on this time last year.

 

Unity First Home Buyer special 3.99
ICBC 4.25
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.35
TSB Special 4.39
Co-operative Bank - Owner Occ 4.45
ANZ Special 4.49
ASB Bank 4.49
SBS Bank Special 4.49
Unity Special 4.49
Westpac Special 4.49
Westpac Special 4.45
BNZ - Std 4.49
Kiwibank Special 4.49
TSB Special 4.49
ANZ Special 4.49
ASB Bank 4.49
Co-operative Bank - Owner Occ 4.49
ICBC 4.59
Wairarapa Building Society 4.59
SBS Bank Special 4.65
Unity Special 4.65
SBS Bank Special 4.99
Westpac Special 4.99
ICBC 4.99
BNZ - Std 4.99
ASB Bank 5.15
Co-operative Bank - Owner Occ 5.19
ANZ 5.39
AIA - Go Home Loans 5.39
TSB Special 5.39
Kiwibank Special 5.39
Kainga Ora 5.49
SBS FirstHome Combo 3.44
SBS Construction lending for FHB 3.74
CFML 321 Loans 4.25
AIA - Back My Build 4.44
Co-operative Bank - Standard 5.30
Co-operative Bank - Owner Occ 5.30
ICBC 5.39
Heartland Bank - Online 5.45
Kiwibank - Offset 5.80
Kiwibank 5.80
ANZ 5.89

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