Property manager not following procedures

Rob asks:
(updated on Thursday, May 13th 2010)

I have an investment property with six small studio/apartment managed by a real estate company. While our interest from the beginning of the contract was to target long term tenants, the real estate company kept selecting short term tenants, increasing their income with the letting fee, and not following proper credit procedure in the selection of tenants, causing several losses for unpaid rent. Is possible to take the matter to the dispute tribunal and any precedent of this type of mismanagement? Thanks

Our Experts Answer:

The Residential Tenancies Act 1986 applies only to the relationship between a tenant and landlord. It doesn’t cover the relationship between a property owner and a property manager. I suggest you seek independent legal advice from your local community law centre about whether this is a matter that could be taken to the Disputes Tribunal.

The Department of Building and Housing provides information and guidance on building law and compliance, services including weathertight homes, and advice for tenants and landlords.

 

Most Read

Unity First Home Buyer special 3.99
SBS FirstHome Combo 3.99
ICBC 4.25
Co-operative Bank - First Home Special 4.35
Co-operative Bank - Owner Occ 4.45
TSB Special 4.49
ANZ Special 4.49
ASB Bank 4.49
SBS Bank Special 4.49
Unity Special 4.49
Westpac Special 4.49
TSB Special 4.00
Kiwibank Special 4.49
Kainga Ora 4.49
Nelson Building Society 4.59
ICBC 4.59
Unity Special 4.65
SBS Bank Special 4.69
ANZ Special 4.69
BNZ - Std 4.69
Westpac Special 4.75
ASB Bank 4.75
ICBC 4.99
Kainga Ora 5.15
SBS Bank Special 5.29
Westpac Special 5.29
BNZ - Std 5.29
Kiwibank Special 5.39
TSB Special 5.39
ASB Bank 5.45
AIA - Go Home Loans 5.45
Co-operative Bank - Owner Occ 5.49
BNZ - Classic 5.59
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank 5.65
Kainga Ora 5.69