Red-stickered, how does this affect our tenant and our rental income?

Our Experts Answer:

The sticker system that has been used in Christchurch is a ready reckoner to a building’s safety risk. A red sticker means that the building is unsafe to enter (in your case, because of the falling rocks). If a house has been marked with a red sticker, it is deemed to be uninhabitable and will probably be covered by section 59(1)(a) of the Residential Tenancies Act, which states that “the rent shall abate accordingly”. In short, if a building is not habitable a tenant cannot be expected to pay rent for the period when they are not allowed into the building and have to live elsewhere.

Quinovic's outstanding people and systems provide the most professional, effective and reliable residential property management service in the NZ market for over 22 years.