The reforms have been fiercely contested by many landlords and, as the day they come into force (February 11) draws closer, there’s been a swag of claims about possible repercussions – with a prominent one being that large numbers of rental properties will be left vacant. That particular claim emerged after a Cambridge-based developer said he would no longer rent out the older houses he bought to develop until the project kicked off as he has done previously, instead he would leave them empty. But NZ Property Investors Federation president Andrew King said he doubted that large numbers of landlords would simply leave their properties empty long-term.
More complicated, but still viable
More complicated, but still viable 11 January 2021
From next month, landlords won t be able to evict for no reason after 90 days.
Other changes to the Residential Tenancies Act, include allowing tenants to make minor decor changes and install fibre broadband.
Anthony Appleton Tattersall is an accountant who specialises in property.
He also owns four rental properties, and concedes the new rules will make things a little more complex.
He says the new rules will see more landlords rely on property managers - but that s a good direction to head in.
Anthony Appleton Tattersall says in the long term he only sees positives for landlords and property investment in New Zealand.