{"id":2915,"date":"2020-03-07T12:49:54","date_gmt":"2020-03-07T00:49:54","guid":{"rendered":"http:\/\/demo.bdsaccountants.co.nz\/?p=2915"},"modified":"2021-03-31T21:26:33","modified_gmt":"2021-03-31T09:26:33","slug":"are-you-a-landlord-keep-up-with-the-changes","status":"publish","type":"post","link":"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/are-you-a-landlord-keep-up-with-the-changes","title":{"rendered":"Are you a landlord? Keep up with the changes"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>With a third of New Zealanders renting homes, and some for a lifetime, it\u2019s key to have clear, fair rules for tenancies. The Government\u2019s tenancy law reforms announced late last year aim to improve tenants\u2019 security and stability while protecting landlords\u2019 interests. The Residential Tenancies Amendment Bill is now making its way through Parliament, with the Select Committee due to report on it in June this year. We\u2019ll keep you posted on the changes.<\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: left;\">What landlords need to know:<\/h2>\n<ul>\n<li>You will only be able to increase the rent once every 12 months (instead of six).<\/li>\n<li>You won\u2019t be able to get rid of tenants without a reason. Currently, periodic tenancy agreements can be terminated without cause as long as the landlord gives 90 days\u2019 notice. The RTA will now have a list of reasons you have to choose from.<\/li>\n<li>Tenants will be able to 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.<\/li>\n<li>Rental \u201cbidding wars\u201d will be banned.<\/li>\n<li>The Tenancy Tribunal will be able to award compensation or order work to be done up to a value of $100,000 (instead of $50,000).<\/li>\n<li>New tools will be available to help you take direct action against tenants breaking the rules.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: left;\">Changes relating to damage, methamphetamine, and unlawful rental premises:<\/h2>\n<ul>\n<li>If tenants (or their guests) damage your rental property because of careless behaviour, they\u2019ll be liable. They can be charged up to a maximum of four weeks\u2019 rent or your insurance excess, whichever is lower.<\/li>\n<li>If you have insurance, you need to include this (and the excess) in any new tenancy agreement. You must also note that a copy of the policy is available to the tenant on request.<\/li>\n<li>You can now test for methamphetamine while your tenants are living there. You need to give tenants at least 48 hours\u2019 notice (but not more than 14 days\u2019 notice). You need to give boarding house tenants 24 hours\u2019 notice.<\/li>\n<li>You have to meet all legal requirements relating to buildings, health, and safety that apply to your rental property. You also have to ensure your property can legally be lived in at the start of the tenancy.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; With a third of New Zealanders renting homes, and some for a lifetime, it\u2019s key to have clear, fair rules for tenancies. The Government\u2019s tenancy law reforms announced late last year aim to improve tenants\u2019 security and stability while protecting landlords\u2019 interests. The Residential Tenancies Amendment Bill is now making its way through Parliament, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[490],"tags":[],"yst_prominent_words":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Are you a landlord? Keep up with the changes - BDS Chartered Accountants<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/are-you-a-landlord-keep-up-with-the-changes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are you a landlord? Keep up with the changes - BDS Chartered Accountants\" \/>\n<meta property=\"og:description\" content=\"&nbsp; With a third of New Zealanders renting homes, and some for a lifetime, it\u2019s key to have clear, fair rules for tenancies. The Government\u2019s tenancy law reforms announced late last year aim to improve tenants\u2019 security and stability while protecting landlords\u2019 interests. The Residential Tenancies Amendment Bill is now making its way through Parliament, &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/are-you-a-landlord-keep-up-with-the-changes\" \/>\n<meta property=\"og:site_name\" content=\"BDS Chartered Accountants\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-07T00:49:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-31T09:26:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bdsaccountants.co.nz\/wp-content\/uploads\/2020\/03\/accapril3-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"769\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/#website\",\"url\":\"https:\/\/www.bdsaccountants.co.nz\/\",\"name\":\"Buzarco\",\"description\":\"The Key To Unlocking Your Potential\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.bdsaccountants.co.nz\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/are-you-a-landlord-keep-up-with-the-changes#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.bdsaccountants.co.nz\/wp-content\/uploads\/2020\/03\/accapril3-1.jpg\",\"width\":1024,\"height\":769},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/are-you-a-landlord-keep-up-with-the-changes#webpage\",\"url\":\"https:\/\/www.bdsaccountants.co.nz\/insights\/propertyinsight\/are-you-a-landlord-keep-up-with-the-changes\",\"name\":\"Are you a landlord? 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