Property Management Legislation
The rental landscape in New Zealand continues to change, with new rules coming into force around how we manage our tenancies and the quality of properties that are provided for rent.
The rules in place apply equally to both property managers and private landlords so it’s important that everyone involved in renting property stays up-to-date.
Managing a tenancy is now heavily compliance based and there can be significant penalties for those landlords not managing everything that is required. While many New Zealand landlords choose to self-manage their investment properties, they do so without fully understanding the risks involved with non-compliance, which can be significant and costly.
Some key legislation that currently has a direct relationship to property management and dwellings include, but are not limited to:
- Residential Tenancies Amendments Act 2019
- Healthy Homes Guarantee Act 2017
- Residential Tenancies (Smoke Alarms and Insulation) Regulations 2016
- Health and Safety at Work (Asbestos) Regulations 2016
- Building (Pools) Amendment Act 2016
- Health and Safety at Work Act 2015
- Building Act 2004
- Residential Tenancies Act 1986
- Health Act 1956
- Housing Improvement Regulations 1947
Although the legislative goalposts continue to shift and move, there are many clear-cut areas in which every landlord should already know the facts. These relate to your pre-existing obligations and other non-legislative issues you should consider carefully. These issues can include, but are not limited to:
- Minimum insulation standards for all properties and specific details required on all tenancy agreements.
- Minimum requirements for all rental properties in respect of heating, insulation, ventilation, draught stopping, moisture ingress and drainage.
- Requirements for landlords insurance information to be provided to tenants and included within any tenancy agreement.
- Smoke alarm requirements for every property where both landlords and tenants have their own responsibilities.
- Insurance changes and requirements that could affect your claims and cover, even if you think you have a policy in place.
- Methamphetamine and the current risks that still exist, no matter what may be portrayed in the media or what you may already understand around the issue.
- Health & Safety requirements for all landlords that relate to property hazard identification, vetting and qualification of tradespeople, asbestos identification and more.
For more detailed information on your legislative requirements and what’s involved, we encourage you to request a copy of our comprehensive Landlord Information Guide. Our information guides are completely free and designed as an education resource for all landlords and investors.
Please, request your copy below and experience the Ray White difference for yourself.