These legislative changes include :
• The reintroduction of 90-day ‘ no cause ’ terminations , which would allow landlords to end periodic tenancies without specific criteria , such as sale or property renovations , reversing a previous restriction .
• A change in notice period would see landlords give 42 days ’ notice to tenants if they require vacant possession to sell the property ( currently 90 days ) or provide it for personal use ( currently 63 days ). This is also a reversal of a previous restriction .
• Changes would see both landlord and tenant mutually extend a fixed-term tenancy without specifying a reason at expiry , ending the automatic transition of fixed-term agreements into periodic tenancies without specific reason .
• New legislation would see the introduction of pet bonds – capped at two weeks ’ rent – which tenants must pay in addition to regular bond . Tenants would also be liable for pet-related damage beyond fair wear and tear , differing from the current policy where landlord insurance is expected to cover damages .
It ’ s a lot to keep up with , and our Ray White Choice products can help with this by better-supporting landlords in taking control of their tenancies without the ‘ one-size-fits-all ’ approach to services and fees .
From casual letting to routine inspections , rent management , arrears support , and consulting , these services provide targeted support for your objectives as a hands-on landlord .
Through our series of nationwide events , we invite you to learn firsthand how our cutting-edge solutions save time by streamlining tenancy management and provide a critical resource for navigating industry change .
Our Ray White team is a significant player in New Zealand ’ s residential rental market , managing more than $ 17 billion in investment property across 197 locations . With this substantial market share , we understand we have a critical responsibility to drive positive change .
We ’ re on a mission to create a more innovative , responsible , and flexible environment for landlords and tenants across New Zealand and would love for you to join us in discovering what property management is really all about .
In addition to these changes , the Government has also proposed a range of minor amendments designed to support landlords and tenants by improving the clarity and effectiveness of the law .
Such changes include clauses prohibiting smoking indoors , facilitating digital bond lodgements , and providing greater allowances at Tenancy Tribunal hearings . There would also be greater support for families suffering from violence in the home and provisions to allow more modern delivery of notices and documents .
Our ethos reflects core pillars of value : Education Standards , Financial Security , and Customer Choice . We invite you to find out more by registering for one of our events or visiting our new website at pm . raywhite . com .
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