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APIA Blog

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12-Sep-2019

OCR predictions - should they be taken seriously?

This week's question comes from Pat (paraphrased): The Internet is riddled with OCR predictions. Every commentator sounds just as learned and trustworthy as the next. How seriously should property investors take these predictions? To answer this question, we've turned to Ryan Smuts from Kris Pedersen Mortgages & Insurance. Ryan, take it away! 'While ... read more

Q&A

22-Aug-2019

Is the RTAA insurance disclosure a step too far?

This week's question comes from Sue: I have just been advised that with the changes to the Residential Tenancy Act my property manager needs to file my insurance policy pertaining to our rental and the amount of excess and supply both to our tenant on request. Do you have an opinion on supplying such information to a tenant? I understand it has become law, but it seems like a gr... read more

Q&A

11-Jun-2019

Hardwired smoke alarms at rental properties

This week's question comes from Zosie (paraphrased): Is there a law governing smoke alarms that are wired into house alarms? Who is authorised to check that these alarms are in working order and how often do they need to check it? In answering Zosie's question, we will be speaking specifically about residential tenancy setting aside any issues relating to building, ... read more

Q&A

06-Jun-2019

Extending fix-term tenancies

This week's question comes from John (paraphrased): What notice, if any, is required to extend a fixed-term tenancy? There are a couple of ways to keep a tenancy live, so to speak, at the end of a fixed-term agreement. Option 1: The tenancy continues as a periodic tenancy at the end of the fixed-term. Any fixed-term tenancy that is longer than 90-days automatica... read more

Q&A

27-May-2019

Template certificate for rental insulation

This week's question comes from Paul (paraphrased): Where can I download a template certificate for insulation at rental properties? Perhaps it would be prudent to preface the answer somewhat. To be clear, an insulation certificate is not the same as an insulation statement. The latter is a mandatory requirement for your tenancy agreement under both Minimum Standards and Healthy ... read more

Q&A

23-May-2019

Is a shower dome HHS friendly?

This week's question comes from Matt (paraphrased): The HHS requires that there be an externally vented extractor fan to be placed in the bathroom. What if there is a shower dome in place so that condensation is not a problem? A shower dome does not qualify as an exemption for the HHS ventilation standards. You are still bound to install an externally ventilated extractor fa... read more

Q&A

16-May-2019

HHS heating standards for tenants on Globug

This week's question comes from Helen (paraphrased): It appears that Fujitsu NZ does not recommend installing its heat pumps at properties that are on Globug (Globug is a prepaid power service that connects and disconnects power in between account top-ups) as recurring connection followed by disconnection can damage the hardware. My tenant is on Globug, what should I do about the Healt... read more

Q&A

09-May-2019

Unconventional ways to increase rent

This week's question comes from John (paraphrased): With respect to rent increases can you: 1. Give notice for two or more phased increases e.g. rather than one notice for $20 increase in 60 days give one notice for two $10 increase, one in 60 days and another in 240 days)? 2. Have as a condition in the tenancy agreement to increase the rent by $x per head for any additional... read more

Q&A

16-Apr-2019

More roadblocks to ringfencing?

This week's question comes from Tania (paraphrased): Now that submissions have closed for ring-fencing, what happens next? Is there anything else investors can do to stop it from becoming law? Andrew King from the New Zealand Property Investors' Federation kindly replies below: Public submissions on ring-fencing have closed, so our opportunity to have input into the matter has of... read more

Q&A

11-Apr-2019

How safe is Google Drive for storing banking and investment documents?

This week's question comes from Alex (paraphrased): Is it safe to use Google Drive to store all of my banking and tenancy/investment documents? How often should I change my password? Vijay Nyayapati from Redbrick Technology Limited kindly responds below: Google Drive has been strong on security, provided you follow their recommendations such as having strong passwor... read more

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