Property

Tenancy reform submissions due March 25

Worried about the government’s tenancy law reforms? You’d better speak up soon because there’s under a month to make a submission on the legislation.

Wednesday, February 26th 2020

The controversial Residential Tenancies Amendment Bill passed its first reading in Parliament, and was referred to the Social Services and Community Select Committee, on February 20.

Social Services and Community Committee chair Gareth Hughes has now called for people to start making submissions on the Bill - because the submission period ends at midnight on 25 March 2020.

Both the NZ Property Investors Federation (NZPIF) and REINZ are encouraging rental property owners to speak up about their concerns about the Bill.

That’s because a number of the proposed reforms contained in the Bill are considered to be extremely problematic.

One of these is the removal of a landlord’s right to use “no cause” terminations to end a periodic tenancy agreement.

The other is the requirement that fixed-term tenancy agreements become periodic tenancy agreements upon expiry unless both parties agree otherwise.

Some of the other proposed reforms include:

• Making rental properties safer and more liveable by letting tenants add minor fittings such as brackets to secure furniture against earthquake risk, to baby proof the property, install visual fire alarms and doorbells, and hang pictures.

• Improving compliance with the law by increasing financial penalties and introducing new tools to take direct action against parties who are not meeting their obligations. It also allows for identifying details to be anonymised in situations where a party has been wholly or substantially successful in their case.

• Banning rental bidding and limiting rental increases to once a year.

The NZPIF’s new executive officer, Sharon Cullwick, says they know the government wants to try and get the legislation through before the election.

But they are hopeful that the Select Committee might be more receptive to suggested changes than the Minister responsible, Kris Faafoi, has been to date, she says.

“We need to get all landlords, and other people, behind us and our battle against the planned reforms. It’s hugely important as they will have a major impact on people, and not just landlords. So we are encouraging as many landlords as possible to make submissions on the proposed reforms.”

Read the full content of the Bill here. And it is possible to make a submission on the Bill here.

Read more:

Tenancy reform Bill hits Parliament 

RTA reforms pile pressure on landlords 

Key reform will only protect bad tenants 

Comments

No comments yet

Most Read

SBS FirstHome Combo 4.39
Unity First Home Buyer special 4.69
Co-operative Bank - First Home Special 4.89
TSB Special 4.99
ANZ Special 4.99
ASB Bank 4.99
Kiwibank Special 4.99
Westpac Special 4.99
AIA - Go Home Loans 4.99
ICBC 4.99
Co-operative Bank - Owner Occ 4.99
Nelson Building Society 4.97
Kainga Ora 4.99
ICBC 4.99
Co-operative Bank - Owner Occ 4.99
Wairarapa Building Society 4.99
Unity 4.99
TSB Special 4.99
ANZ Special 4.99
ASB Bank 4.99
Westpac Special 4.99
AIA - Go Home Loans 4.99
Westpac Special 5.39
ICBC 5.49
BNZ - Classic 5.59
Co-operative Bank - Owner Occ 5.69
ASB Bank 5.69
SBS Bank Special 5.69
AIA - Go Home Loans 5.69
BNZ - Std 5.79
Kainga Ora 5.79
TSB Special 5.89
Kiwibank Special 5.89
SBS FirstHome Combo 4.19
AIA - Back My Build 4.44
CFML 321 Loans 5.25
Co-operative Bank - Standard 6.20
Co-operative Bank - Owner Occ 6.20
Heartland Bank - Online 6.25
Kiwibank Special 6.50
Kiwibank - Offset 6.50
Kiwibank 6.50
Unity 6.64
TSB Special 6.64

More Stories

Four decades of 6-7% yearly house price growth ending

Friday, March 21st 2025

Four decades of 6-7% yearly house price growth ending

New Zealander’s reliance on property capital gains in the mid-single digits is at an end.

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

Friday, January 31st 2025

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

It’s been years in the making and former real estate agent Mike Harvey is now coming to market with his platform matching buyers and sellers, an offering he says will be a gamechanger for the industry.

Leaving last year's stumbling housing market behind

Friday, January 17th 2025

Leaving last year's stumbling housing market behind

As interest rates ease and job losses climb, New Zealand’s housing market faces a mixed year of modest growth, with conflicting forces shaping the outlook for homebuyers and investors.

Don’t bet on house prices rising faster than incomes

Wednesday, January 15th 2025

Don’t bet on house prices rising faster than incomes

Former Reserve Bank Governor and National Party leader Don Brash says there are grounds for believing that house prices may finally have ended the three-decade period when they rose significantly faster than incomes.