If you have not yet herd, the tenancy industry is soon to get three new changes to the Residential Tenancies Act.
Meth contamination, tenants not having to pay for carless damage, and landlords renting out homes that don’t meet basic health and safety requirements are the three biggest issues in the industry at the moment. This bill looks at putting common sense back into legislation. Making tenants responsible for damage they cause, updating the meth contamination standards, and increasing the standard expected in a rental home.
Scotney Williams, and the team at TPS outline the changes here:http://tenancynews.co.nz/meth-osaki-and-poor-landlord-behaviour-tackled-in-big-changes-to-rta/
The more the industry is regulated, the better the industry becomes, as less cowboy property managers and DYI landlords get away with cutting corners to save time and a few bob. Give us a call, and get professional, stress-free property management for your investment property.