As of 1 October 2010, changes to the Residential Tenancies Act 1986 (“the Act”) have come into effect. If you are a landlord or tenant these changes will affect your obligations and responsibilities in respect of residential tenancies.
In recent years we have seen the demand for rental properties grow. As a result, the rental property market has become increasingly important as has the demand to meet the needs of those who choose, or need, to rent housing.
Changes to the Act have been aimed to better meet the needs of both landlords and tenants in today’s rental property market. It became apparent that the former legislation governing residential tenancies was in need of review and amending to provide adequate provision for good quality, stable rental housing in New Zealand.
Some of the key changes to the Act include:
- Letting Fees
- Fixed Term & Short Term Tenancies
- Address for Service
- Landlord to appoint Agent if overseas
- Body Corporate Rules
- Notices to Remedy
- Unlawful Acts
- Abandoned Goods
- Boarding Houses