Thursday, June 25, 2020
Must know
Tuesday, May 19, 2020
COVID-19 termination rules recap & a reminder for would-be vendors
As investors grapple with the economic effects of COVID-19, some may consider deleveraging by selling off a few under-performing properties. If these properties have tenants in situ then it is advisable for would-be vendors to be well aware of the new tenancy termination rules and plan well in advance. Tenancy termination during COVID-19 We specifically refer to the rule... read more
Tuesday, March 17, 2020
Say NO! to 218-1
218-1 The Residential Tenancies Amendment Bill proposes to introduce sweeping changes that will, in our view, significantly impact the business of landlording. In fact, according to the REINZ, 82% of New Zealanders oppose the Bill's signature proposal to abolish the landlord's ability to terminate a tenancy with a 90-day notice. The public has until 25th of March 2020 to submit again... read more
Friday, March 13, 2020
Associated person - there is no there there
Some concerns have been raised about the application of the associated person rule (APR) vis-à-vis 218-1’s infringement offence regime. More specifically, how the rule interacts with the two-tiered penalty system that fines landlords with 6 or more tenancies twice the amount of what it would a landlord with 5 or less. We are aware of some interpretations out there suggesting that... read more
Wednesday, March 11, 2020
PSA: 218-1 is a bad bill!
The verdicts are in. 218-1 The Residential Tenancies Amendment Bill a bad piece of legislation and it is in dire need of being saved if it ever stands a chance at doing any good. The brief, the government intends for 218-1 to achieve the following objectives: Improve security of tenure; Empower tenants within their rented homes, the rental market and the rental system... read more
Tuesday, March 10, 2020
Fact-checking 218-1
Every since 218-1 The Residential Tenancies Amendment Bill was released, there have been several statements made in an effort to summarise the effects of the Bill. Some statements are true, some are too broad-brush and should be qualified while others are entirely false. We've put together this quick fact-checker to held landlords understand 218-1 better: On the effects of the ... read more
Tuesday, March 10, 2020
218-1 is a bad bill. Faleshood not needed here.
Background By now we expect 218-1 The Residential Tenancies Amendment Bill to be fairly bedded in. You’ve got to be living under a rock to not know about it. Information about the Bill is readily available. No major surprises there. Commentaries as to its effects is another story altogether. Some are logical, matter of fact and should go without saying (e.g. you can’t advertise a rental ... read more
Thursday, February 27, 2020
Let's call a spade a spade
In light of the growing voice against The Residential Tenancies Amendment Bill 218-1 (2020), which the Associate Housing Minister Kris Faafoi is the face of, Mr Faafoi said the following, ‘…At the same time, the reforms protect the rights of landlords to terminate a tenancy under a range of justifiable reasons, including where a tenant has engaged in anti-social or illegal be... read more
Monday, November 18, 2019
The Faafoi announcement: 4 things for landlords to do right now
Yesterday afternoon the government outlined the next phase of its housing agenda which involves overhauling the Residential Tenancies Act once again. While we have come to expect significant changes to the RTA under this government, we consider that which was announced to cause such major disruption to the landlord-tenant dynamic as to further tip the balance of power away from l... read more
Monday, November 18, 2019
Summary of proposed changes to residential tenancy
On Sunday 17th November the Coalition Government announced a number of proposed amendments to the Residential Tenancies Act in accordance with the Labour Party's election manifesto. APIA Vice President Peter Lewis was present at the announcement and reports on the following substantive elements of the proposal: It is important to note that these proposals will need to be enacted int... read more
Upcoming Events
08-Jul-2020
APIA Property Mixer (New Lynn)
14-Jul-2020
Members Only Keynote Webinar - Optimism & opportunities: the new normal for property investors
