Managing a tenancy is now heavily compliance-based, and the rules apply equally to everyone who provides residential tenancies – both property managers and private landlords alike.
While many New Zealand landlords choose to self-manage their investment properties, they often do so without fully understanding the scope of what’s involved.
We work thoroughly with our clients to ensure they understand the different layers of compliance that they are bound
by, to help ensure best-practice processes and a harmonious tenancy for all.
Our aim is to highlight areas where you may need help or clarification, enabling you to stay safe from the risk
of fines or penalties.
Take a look at the different areas of compliance :
Property compliance
Before a property is even advertised for rent, landlords must ensure that the home itself is in good order, built to a proper standard, and will provide a safe and secure environment for its inhabitants. The saying ‘safe as houses’ certainly rings true, and landlords must consider this aspect of property investing carefully, before even venturing into the rental market.
Legislation compliance
There are vast layers of legislation that now regulate the way landlords must manage their tenancies, and many are not aware of the actual scope of what’s required. To put it simply, all landlords are bound to adhere to each piece of legislation. You can learn more about these, or seek clarification on the solutions and steps that are necessary to help manage your compliance, by talking to one of the 360 Property Management team.
Tenancy compliance
Another significant issue of compliance in tenancy law relates to a landlord’s responsibilities to their tenant, in various ways, throughout the tenancy. There are a number of factors involved with managing this situation from the start, in order to help prevent future problems. The issues listed below are some of the most common areas where, as rental specialists, we see disputes or conflicts arise in privately managed tenancy situations. We recommend that landlords consider how these potential problems may relate to any current tenancy that they already have in place.
Check out our Landlord Compliance Checklist.
If you’re noticing a lot of ticks in the ‘no’ or ‘need help’ column, then it’s probably time to seek professional advice and you’ve come to the right place! Get in touch with us today. Our well-versed property managers can help answer any immediate questions you may have by providing specific, tailored advice, or copies of our free educational guides and resources.
