To furnish or not to furnish? Historically, landlords who rent out furnished properties find themselves collecting higher rent than those renting out their properties unfurnished. However, a number of factors will determine the value of furnishing your rental property – including the type of property you’re renting, the location of the property and the type … Read more
Tenancies aren’t one size fits all – there are different types of tenancy agreements that you may have. The most common being periodic tenancy or fixed-term tenancy. It is important that you understand the unique set of rules that accompany your tenancy prior to signing the agreement. Periodic Tenancy Periodic tenancy agreements have no end … Read more
It’s no secret that we Kiwis love our furry friends. With more than 4.35 million companion animals in New Zealand, the number of pets almost outnumbers humans. 64% of people in New Zealand have at least one pet, so why is it still so uncommon to find a pet-friendly rental? When looking to tenant your … Read more
Selling a property can be stressful for anyone, including yourself and your tenants. Therefore, it is a good idea to familiarise yourself with your rights and responsibilities as a landlord before beginning the process of selling your investment property to avoid any issues arising. Letting your tenants know you’re going to sell the property. You … Read more
The Office of the Privacy Commissioner (OPC) announced the possibility of mystery shopper spot-checks coming into play in the near future as a means to determine how well landlords are complying with the new privacy rules for the rental sector. Further guidance on the privacy changes is available here. The collection and storage of tenants’ … Read more
Both landlords and tenants should understand the importance of insurance. There is no legal obligation for New Zealand landlords to take out insurance. However, it is always important to take measures to protect your investment. Your insurance coverage will differ based on your insurance provider and your personal policy. Your rental property must be insured … Read more
New Zealand landlords must include a Healthy Homes Compliance Statement in all new or renewed tenancy agreements. The compliance statement outlines what has been done to meet the Healthy Homes Standards and what still needs to be done. We strongly recommend getting this done by a third party to reduce any liability on you as … Read more
Routine maintenance is a must for any rental property – and as we settle into the Autumn season, it’s a great time to prepare your property before the wet and cold winter months approach. Gutters While autumn leaves falling might look picturesque, they can cause real problems for your property. Clogged gutters can lead to … Read more
The hot topic in the world of economics this week has been the widely expected tightening of monetary policy by the Reserve Bank of New Zealand on Wednesday. The Reserve Bank is seeking to unwind the damage done by leaving interest rates too low for too long last year and printing too much money. Some … Read more
Refinancing (or remortgaging) is a normal part of the homeownership experience, however, it can be a big decision. Kiwis choose to refinance their home loan for a multitude of reasons, including Refinancing could be a great way for you to save thousands on interest and finish paying off your mortgage faster! But how do you … Read more
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