Residential Tenancies Bill passed

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Thursday, 29 July, 2010

The long awaited changes to Residential Tenancies law are expected to come into effect on 1 October 2010 following the third reading of the Bill in Parliament. The key changes include:

Extending the law to apply to boarding houses
Clarifying the process for terminating a tenancy due to non-payment of rent
Increasing the monetary limit of the Disputes Tribunal so most tenancy matters can be resolved quickly and in a cost effective way.
Improving the enforceability of Tenancy Tribunal orders
Changing the amount of days constituting a short fixed term tenancy to 90 days
Requiring Landlords who are going to be out of New Zealand for 21 days or more to appoint an agent to deal with their property
Body Corporate rules which affect a tenant will now be part of the terms of a tenancy agreement
Landlords are not entitled to receive “key money”

For more information contact Claire Coe on 473 6850 or ccoe@raineycollins.co.nz

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