Property Updates | Purely Property Management

By: Purely Property Management  06-Dec-2011

September 30, 2010

30 September 2010: The Residential Tenancies Act (RTA) defines the rights and responsibilities of landlords and tenants of residential properties. New Zealand has changed significantly since 1986 – from the technology we use, to the cars we drive, to the way we live. People are renting for longer, and the demographic of tenants has changed over time. This led to a review of the RTA to ensure it continues to work well both now and in the future.

The Residential Tenancies Amendment Act 2010 has made some important changes including updating and clarifying the rights and responsibilities of landlords and tenants, and extending the Act’s coverage to include boarding house landlords and tenants. The Department of Building and Housing administers the Act, which comes into force on 1 October 2010.

The Department has updated its information and resources to reflect the changes outlined in the Amendment Act.

The tenancy agreement and a range of new bond forms will be available after 1 October 2010.

Renting and you – this guide provides a comprehensive overview of the Residential Tenancies Act, outlining important rights and responsibilities for landlords and tenants including those in boarding houses. This guide is a must have for all landlords and tenants and will be available from 1 October.

If you have any questions about the Residential Tenancies Act, call 0800 TENANCY (0800 83 62 62).

May 9, 2010

Home improvement is a national pastime in New Zealand, but DIY could actually be slashing your property’s value.

Badly done do-it-yourself jobs can reduce a home’s value by as much as 5 per cent, a survey has found.

Wayne Boberg, of Boberg First National in Epsom, said: “If it’s obvious, it’s a bit like a leaky home – there’s not a buyer for it anywhere. Nobody wants to know.”

John O’Roarke, managing director of LV= home insurance which commissioned the survey, told Britain’s Daily Telegraph that not only could bungling DIY jobs devalue your home but, if they caused a serious problem, they could invalidate your home insurance cover.

Certified builder David Brown says the problem with DIYers is they often take shortcuts. “These guys don’t realise that even if you don’t need a consent, you still need to build in accordance with the Building Act.”

And as home buyers are increasingly getting professional building inspections before they put in an offer, shoddy DIY jobs are no longer going unnoticed, says Brown.

“If someone’s wrecked a nice house by doing a cheap extension, it does devalue it because it just screams ‘that wasn’t done properly’.”

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