As a landlord, you are bound to encounter issues with a tenant at some point or another. In the majority of cases, these problems can be resolved amicably through a simple conversation. Sometimes, however, you might need the help of a mediator to resolve the issue and/or make the resolution legally binding. In today’s post we’re going to describe the benefits of mediation and explain how the mediation process works. Resolving tenancy issues Tenancy issues can range from very small to...
The new requirements for insulation and smoke alarms in residential rental properties have been approved by Parliament and are in effect as of 1 July 2016. A number of smaller changes have also been made to the Residential Tenancy Act (RTA), but the largest changes are those surrounding smoke alarms and insulation. Details about these changes can be found on the Tenancy Services website. In today’s article, we’ll provide you with a timeline and overview of the smoke alarm and insulation...
Great Britain’s exit from the EU sent shockwaves around the world as each country wondered how this change would affect their economy and culture. Given our close ties with the UK, many of us in New Zealand have been especially curious about the local impact that Brexit may have. In the real estate community, there has been a lot of discussion about how Brexit may affect property prices. While it’s all speculation at this point, a few early reports show...
If you’re a landlord, you want to protect your property and the health of future tenants. Is routine meth testing the answer? In today’s article, we’ll discuss when and how often meth testing should be performed.
For many people, renting out a property seems like an attractive way to make extra money or pay off a mortgage more quickly. The reality, however, is that it requires a lot of time and effort to succeed in the rental market. During our many years of working in property management in Christchurch, we’ve seen rookie landlords make the same mistakes over and over again. If you’re a new landlord, it’s important that you learn as much as possible to protect...
Is your rental property adequately insulated? If not, there is still time to take advantage of the subsidies available through the Warm Up New Zealand: Healthy Homes initiative although Government funding is due to come to an end next month. Why insulation matters Until recently, there have been no guidelines or regulations in place to ensure that rental properties are properly insulated. As a result, a large number of properties on the rental market are without insulation. Insulation helps heating systems...
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